News

ChainCatcher News, Hourglass posted on X platform that the second phase of the Stable pre-deposit event KYC verification has been extended by 24 hours until 7:59 AM (UTC+8) on November 13. More than 17,000 applications have already been approved, and users can check the status of their applications on the Hourglass user dashboard.

According to ChainCatcher, citing CoinDesk, BNY Mellon’s latest report states that by 2030, the scale of stablecoins and tokenized cash could reach $3.6 trillion, with the market capitalization of stablecoins expected to be $1.5 trillion, and the remainder consisting of tokenized deposits and money market funds. These digital cash equivalents can accelerate settlement, reduce risk, and enhance collateral liquidity. The report points out that tokenized assets such as US Treasuries and bank deposits can help institutions optimize collateral management and streamline processes. In the future, pension funds may be able to instantly use tokenized money market funds to post margin for derivatives contracts, and such scenarios will become more common. The report believes that regulation is a key driver. The EU’s Markets in Crypto-Assets Regulation (MiCA), as well as ongoing policy efforts in the US and Asia-Pacific, indicate that the regulatory environment is maturing and is expected to support both innovation and market stability. The report concludes that blockchain will not replace traditional systems, but will work in tandem with them. The integration of traditional and digital systems will bring significant value to clients and the world.