stablecoin

Le marché des stablecoins est en plein essor aujourd'hui, le 20 janvier 2026 ! Bien que la loi GENIUS ait déjà établi des règles de réserve strictes l'année dernière, la nouvelle Loi sur la Clarté du Marché des Actifs Numériques vient de rencontrer un obstacle au Sénat. Ce "suspense réglementaire" entraîne un volume massif vers des stablecoins de premier ordre. 🏛️
​⚖️ L'Effet Réglementaire
​Loi sur la Clarté Bloquée : Le Comité Bancaire du Sénat a inattenduement reporté sa session de marquage la semaine dernière. Cette incertitude provoque une "fuite vers la qualité" alors que les traders recherchent des actifs avec les audits les plus transparents. 📜

Choosing the Right #stablecoin Model
Stablecoins attract users because they are designed to hold a steady value. Before anything else, a project must decide how that stability will be maintained. In most cases, the goal is simple: keep the token pegged to $1. Achieving that peg typically follows one of three established approaches.
The most widely accepted option is the fiat-backed model. This structure is favoured by regulators and institutions. Tokens such as #USDC and #USDT follow this approach by holding one dollar, or an equivalent low-risk asset like U.S. Treasury bills, for every token in circulation. Its appeal lies in transparency and simplicity, making it easy for users to trust.
The second approach is crypto-backed stablecoins. These rely on smart contracts that lock up cryptocurrencies as collateral. To account for market volatility, they are overcollateralised. For example, $150 worth of Ethereum may be locked to issue $100 worth of stablecoins. This buffer helps absorb price fluctuations in the underlying asset.
The third option is the algorithmic or hybrid model, which attempts to maintain the peg through automated supply adjustments and economic incentives rather than direct backing. While innovative, this design has largely fallen out of favour after the collapse of Terra in 2022. As a result, many jurisdictions, including the European Union, now restrict or ban purely algorithmic stablecoins.
The Regulatory Reality
Regulation is no longer optional-it is the single biggest hurdle to launching a stablecoin. Each jurisdiction enforces its own framework, and non-compliance can shut a project down before it begins.
In the United States, legislation such as the GENIUS Act and the Clarity Act sets strict conditions. Issuers are generally required to be licensed banks or state-approved entities, with mandatory monthly disclosures proving reserve backing. In the European Union, MiCAR governs stablecoins and requires issuers to obtain an Electronic Money Institution license, alongside full reserve backing.
Other regions, including Hong Kong and the UAE, apply similar standards. Many require a local legal presence and reserves held in domestic currency. These requirements make entry costly. Even in relatively friendly jurisdictions like Singapore, legal fees alone can reach $50,000. In the U.S., total compliance costs can easily exceed $500,000.
Building the Technical Foundation
On the technical side, most stablecoins are built on well-established blockchains such as Ethereum or Solana due to their security, developer ecosystems, and tooling.
Regulated stablecoins must also include advanced controls in their smart contracts. These often allow authorised parties to mint, burn, or freeze tokens in response to hacks, theft, or legal orders. Without these safeguards, regulators are unlikely to grant approval.
Reliable price data is another requirement. Projects typically integrate decentralised oracle networks to track real-time market prices. Security audits are mandatory, with firms charging anywhere between $5,000 and $30,000 per audit, depending on complexity.
Bridging #crypto and Traditional Finance
For fiat-backed stablecoins, connecting to the traditional banking system is often the most challenging step. Issuers must partner with a qualified custodian to securely hold user funds.
To simplify this process, many teams rely on “stablecoin-as-a-service” providers. These platforms offer APIs that manage custody and banking integrations, reducing setup time but adding recurring fees.
In addition, issuers must work with accounting firms to publish monthly proof-of-reserves reports. Between technology, audits, and compliance, core infrastructure costs typically range from $20,000 to $60,000, while legal expenses can span $50,000 to well over $250,000.
Liquidity is another major consideration. Launching a usable stablecoin often requires between $100,000 and $1 million in initial liquidity, plus marketing budgets of $50,000 to $150,000.
All told, launching a compliant stablecoin usually costs between $220,000 and $1.5 million and takes at least seven months from planning to deployment.
Disclaimer: #BFMTimes provides information for educational purposes only and does not offer financial advice. Readers should consult qualified professionals before making any financial decisions.

The #CLARITYAct ’s Core Objective
The CLARITY Act is designed to end regulation by ambush. For nearly a decade, the crypto sector has operated under constant legal uncertainty as the SEC pursued enforcement without clear boundaries. This bill attempts to reset that dynamic by drawing firm jurisdictional lines between the SEC and the CFTC. It defines what falls under securities law and assigns the rest to commodities oversight, creating the long-requested regulatory playbook institutional capital has been waiting for. A revised draft surfaced in the Senate on January 12, with committee markups now underway. The proposal even includes an “innovation exemption” backed by new SEC Chair Paul Atkins. Still, consensus is far from guaranteed.
The #stablecoin Rewards Flashpoint
Coinbase has been one of the CLARITY Act’s most vocal champions-up to a point. That support may evaporate if the bill restricts stablecoin rewards. These rewards allow users to earn yield on assets such as USDC, and they form a meaningful part of Coinbase’s revenue model. Traditional banks are aggressively lobbying to block non-banks from offering such products, arguing crypto platforms resemble banks without meeting the same regulatory standards. For Coinbase, this is non-negotiable. Subscription and service revenue, including rewards, generated close to $700 million last year. Removing that income stream would materially weaken the business, especially during periods of low trading activity.
What Counts as a “Mature” #blockchain
For developers, Section 205 may be the most consequential provision in the bill. It introduces a formal pathway for a network to be recognized as decentralized. If a project notifies the SEC and faces no objection within a defined window, its token can be reclassified as a digital commodity and fall under CFTC oversight. To qualify, three criteria must be met: no single entity may control more than 20% of the supply, the token’s value must stem from network usage rather than a central promoter, and no party may retain unilateral control over protocol changes. Coinbase argues these rules finally provide the certainty needed to build in the US without fear.
Why Timing Matters So Much
The urgency around passing the CLARITY Act is political. Pro-crypto lawmakers currently hold a narrow advantage, but the 2026 midterm elections could upend that balance. A shift in control could stall the bill indefinitely, delay it until 2027, or result in a harsher rewrite. For investors and companies alike, this window may be the only realistic chance to lock in a workable regulatory framework before the political landscape changes.
A Defining Moment for US Crypto Policy
The next three months will signal whether the United States intends to lead in digital finance or continue drifting in regulatory uncertainty. For Coinbase, the CLARITY Act represents the final transition from industry outsider to regulated incumbent. CEO Brian Armstrong has been explicit: clarity is meaningless if it strips away the incentives that make crypto functional. Coinbase is prepared to withdraw political backing to defend its core model. The outcome of this standoff will shape not just one company’s future, but the trajectory of the entire US crypto market.
Disclaimer: #BFMTimes provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial advisor before making investment decisions.

Hey crypto fam! 👋
Even in this choppy market, Plasma (XPL) is holding around $0.126–$0.133 – down 92%+ from ATH $1.68, but many see this as a classic undervalued zone! 📉➡️📈
Quick recap on Plasma:
•  Stablecoin-native Layer-1 blockchain → Zero-fee USDT transfers, massive TPS, Bitcoin-level security + full EVM compatibility! ⚡

•  Mainnet beta launched Sept 2025 with $2B+ stablecoin TVL day one, 100+ DeFi integrations (Aave, Ethena, etc.).
•  Current dip drivers: Recent token unlocks (~$5M–$11M in Jan 2026) + broader market pressure, but likely temporary.
2026 catalysts look massive:
1.  PoS Validator Network going live early 2026 → Stake/delegate XPL for rewards! Yield farmers incoming. 🤑
2.  Plasma One neobank private beta → Stablecoin-focused cashback card + global payments rail.
3.  Zero-fee transfers expanding → To third-party apps, unlocking mainstream stablecoin usage.
4.  Binance CreatorPad campaign ongoing (3.5M XPL rewards pool) → Extra incentives for creators!

⭐️Technical view: $0.12–$0.14 acting as strong support. Bounce could target $0.20+ short-term, with long-term upside to $1+ if adoption kicks in. Analysts are bullish for 2026, but watch those unlocks – always DYOR & manage risk! ⚠️
My take: If you’re patient, $0.13 levels feel like a sweet accumulation spot. Stablecoins are the future of money, and Plasma is built for it! 🌟

What about you?
•  Stacking XPL at these prices? 🤑
•  Waiting for post-unlock dips? 🙏
•  Sold too early and regretting? 😂
Share your thoughts in comments – let’s discuss! 👇🔥

#XPL #Plasma #stablecoin #crypto #BinanceSquare

Anthony Scaramucci a averti qu'une nouvelle règle américaine pourrait donner l'avantage à Pékin. Des rapports indiquent qu'il pense qu'une interdiction de verser des rendements aux détenteurs de stablecoins en dollars rendra les infrastructures numériques liées au dollar moins attrayantes que le yuan numérique, qui s'oriente vers le paiement d'intérêts sur les portefeuilles.
Interdiction des rendements des stablecoins et compétitivité du dollar
Les législateurs au Congrès envisagent un projet de loi qui redéfinirait la manière dont les actifs numériques sont traités aux États-Unis.
« Tout le système est brisé », a déclaré Scaramucci sur X, réagissant à la restriction de la Clarity Act qui bloque les échanges de crypto-monnaies et les fournisseurs de services aux États-Unis de verser des rendements aux détenteurs de stablecoins.

Quel est le terme le plus utilisé dans le monde de la crypto aujourd'hui ?
La réponse est unique — Stablecoin.
Trading, paiements, remises, DeFi — USDT ou d'autres stablecoins sont désormais la colonne vertébrale partout. Mais il y a un problème à un endroit :
Les blockchains actuelles ne sont pas conçues spécifiquement pour les stablecoins.

Au cours de l'année passée, les données on-chain ont rendu une tendance indéniablement claire : @trondao est devenu l'une des couches de règlement les plus importantes pour les stablecoins dans le monde, avec USDT au centre de cette croissance.

Selon les données de @TRONSCAN_ORG, 22,7 milliards de USDT ont été nouvellement émis sur TRON au cours des 12 derniers mois. Cela porte l'offre totale de USDT sur TRON à environ 82,4 milliards de USDT, un niveau qui place le réseau parmi les plus grands rails de stablecoins au monde.

Cette expansion ne se limite pas à l'offre seule. L'adoption par les utilisateurs a également augmenté.