circle

这是历史性的时刻。 CIRCLE从科技公司转为美国金融基础设施！ 持有USDC的安全性等同于持有美元 机构、养老金、银行间均将USDC=美元 这是人类历史上第一个稳定币银行！！！
贴一个几天前我在投研群转发的自己的观点，前面有支付公司靠出海留学群体起家的Revolut，在业务发展到一定阶段后，拿了银行牌照，现在Cirlcle也同理！！恭喜Circle！
美国货币管理署OCC：OCC 是美国“联邦银行体系”的一线监管者，专门盯“拿联邦牌照的银行”。but请注意，OCC 不管所有银行，它只管“联邦牌照银行”，一般其名字里面带名字里通常有 “National / N.A.”，由联邦政府发牌，可以在全美跨州经营！例如我们熟悉的JPMorgan Chase Bank, N.A.Citibank, N.A；Bank of America, N.A；Wells Fargo Bank, N.A.；Goldman Sachs Bank USA等，美国前十大商业银行，大多数核心银行主体都归 OCC。
对Circle的利好挺直接，过去Circle的美元等需存入别的监管体系下银行，现在可以存自己家银行，托管的角色自己也干了！发行，托管！都纳入自营体系！拽完了！更多的老钱体系公司，将可以跟circle开展合作，这也为circle业务口子，扩大到了Old money，K402等资金体系能逐步进入，继续看好！封底买入！
早安！又是新的一周！开眼见利好，心情也好很多！

$USDE
#circle #银行牌照

For years, stablecoins were discussed as potential disruptors of global payments. In practice, however, most remained trapped inside crypto trading venues, disconnected from everyday financial life.
RedotPay’s US$107 million Series B changes that narrative, not through promises, but through scale, revenue, and real-world usage.

The round, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and continued backing from HSG, brings RedotPay’s total capital raised in 2025 to US$194 million. More importantly, it marks a clear inflection point: stablecoins are no longer infrastructure waiting for adoption, they are already powering global payments.

When Payments Move Faster Than the Narrative

RedotPay’s growth stands out because it has largely happened outside of hype cycles. While much of the crypto ecosystem remains focused on speculative innovation, RedotPay has quietly built a stablecoin-based payments platform used by millions.

As of November 2025, the company supports over 6 million users in more than 100 countries, processes over US$10 billion in annualized payment volume, and generates US$150+ million in annualized revenue. In 2025 alone, more than 3 million new users joined the platform, with payment volumes nearly tripling year-on-year.

These are not pilot numbers. They are indicators of product-market fit at a global scale.

The Real Problem RedotPay Is Solving
For a large portion of the world, the problem is not access to crypto—it is access to reliable money.

In many economies, consumers face inflation-driven savings erosion, capital controls, slow cross-border transfers, and fragile banking infrastructure. RedotPay addresses this by allowing users to store value in assets they trust such as dollar-backed stablecoins, while spending locally without friction.

This design choice fundamentally reframes stablecoins from a trading asset into financial infrastructure.

RedotPay’s product stack reflects this philosophy:

Stablecoin-powered cards that work globally at merchantsGlobal payouts using stablecoin rails for instant, predictable settlementMulti-currency access and P2P marketplaces that bridge traditional finance and digital assets seamlessly

By hiding blockchain complexity behind a familiar fintech experience, RedotPay makes stablecoin usage intuitive, even for users who may not consider themselves “crypto users” at all.

Why This Investor Group Matters
The composition of RedotPay’s investor base is as meaningful as the capital itself.

Goodwater Capital brings deep expertise in scaling consumer fintech platforms globally. Pantera Capital and Blockchain Capital represent long-term conviction in blockchain as financial infrastructure, not speculation. Circle Ventures’ participation signals alignment with the future of programmable, regulated digital dollars.

This is not capital chasing a trend. It is capital backing a payments company that already works.

Compliance as a Growth Strategy, Not a Constraint

One of RedotPay’s defining strategic choices is its compliance-first mindset. Rather than treating regulation as an obstacle, the company has positioned licensing, governance, and risk management as prerequisites for scale.

The Series B capital will be deployed to:

Secure licenses and strengthen regulatory engagement in new marketsExpand compliance and risk infrastructure alongside product growthPursue strategic acquisitions to deepen payments and wallet capabilitiesScale global engineering and product teams

This approach reflects an understanding that the next phase of crypto adoption will be led not by speed alone, but by trust, resilience, and regulatory credibility.

Stablecoins, Repriced

RedotPay’s trajectory forces a re-evaluation of how stablecoins are valued—not as instruments for yield or liquidity alone, but as payment rails capable of replacing legacy systems.

When millions of users rely on stablecoins for daily spending, savings, and cross-border transfers, the conversation shifts from “crypto adoption” to financial modernization.

In this context, RedotPay is not merely a fintech company using blockchain. It is an early architect of a parallel financial system—one that operates globally, settles instantly, and remains accessible to users regardless of geography.

The Bigger Picture

RedotPay’s US$107M Series B is not a headline about fundraising. It is a signal that the stablecoin payments thesis has crossed a critical threshold.

The question is no longer whether stablecoins can work in real-world finance. The question now is how fast they will scale—and who will lead that scale responsibly.

If current momentum is any indication, RedotPay is positioning itself not just as a participant in that future, but as one of its defining platforms.


#RedotPay #redotpay #SeriesBFunding #Circle #Stablecoins

JPMorgan Chase усиливает присутствие в ончейн-финансах. Банк запустил токенизированный фонд денежного рынка на базе Ethereum и профинансировал его старт собственными средствами в размере $100 млн.
Новый продукт получил название MONY. Его развивает подразделение фонда, управляющее активами примерно на $4 трлн. Информация о запуске впервые появилась в The Wall Street Journal.
Как работает MONY
MONY создан как закрытый инвестиционный продукт для ограниченного круга участников. Доступ открыт для частных инвесторов с капиталом от $5 млн и институциональных клиентов с активами не ниже $25 млн. Минимальная сумма вложений составляет $1 млн.
Фонд построен на внутренней платформе токенизации Kinexys Digital Assets, разработанной JPMorgan. Доли инвесторов оформляются в виде цифровых токенов и учитываются в криптокошельках. Все операции — от подписки до управления — проходят через систему Morgan Money.
По своей экономике фонд повторяет классические денежные фонды. Активы размещаются в краткосрочных долговых инструментах, а доходность обычно превосходит ставки по банковским счетам. Процентный доход начисляется ежедневно, дивиденды аккумулируются непрерывно.
Отдельный акцент сделан на расчетах. Войти в фонд и выйти из него можно как через традиционные валюты, так и с использованием стейблкоина USDC от Circle.
Спрос со стороны инвесторов оказался выше ожиданий
В JPMorgan отмечают, что интерес к токенизированным продуктам оказался заметно выше прогнозов. По словам руководителя направления ликвидности JPMorgan Asset Management Джона Донохью, клиенты все чаще просят решения именно в формате токенизации.
Для банка это важный сигнал. JPMorgan намерен сформировать полноценную линейку ончейн-продуктов, сопоставимую по функционалу с традиционными фондами денежного рынка. Для институционалов это способ сохранить капитал в блокчейне и при этом получать стабильный доход, не оставляя средства без движения.
Регуляторные сдвиги ускорили запуск
Появление MONY совпало с изменениями в регулировании цифровых активов в США. Принятый ранее GENIUS Act задал федеральные правила для долларовых стейблкоинов. Параллельно обсуждение Clarity Act дало рынку более ясное понимание того, как распределяются полномочия регуляторов в сфере блокчейн-финансов.
В совокупности это снизило правовые риски для банков и управляющих компаний. Итог — ускоренный перенос фондов, ценных бумаг и других реальных активов в ончейн-среду.
По данным The Block, совокупная капитализация токенизированных реальных активов в 2025 году достигла рекордных $38 млрд. Наибольший спрос пришелся именно на денежные фонды, поскольку они позволяют задействовать капитал, который ранее простаивал в стейблкоинах.
JPMorgan усиливает стратегию токенизации
Запуск MONY вписывается в более широкую стратегию банка. JPMorgan все активнее тестирует публичные блокчейны для институциональных сценариев, несмотря на прежний скепсис главы банка Джейми Даймона в отношении биткоина.
Неделей ранее JPMorgan участвовал в размещении коммерческих бумаг структуры Galaxy Digital, проведенном на блокчейне Solana. Выпуск был реализован через токен USCP, а расчеты прошли в USDC. В банке назвали сделку важным этапом в изучении применения публичных сетей на рынках капитала.
Что дальше?
Фокус JPMorgan на фондах денежного рынка показывает сдвиг в подходе крупных банков. В блокчейн переносятся не экспериментальные продукты, а базовые и консервативные инструменты для институционалов.
Это меняет саму логику внедрения ончейн-финансов. Если денежные фонды уже работают в блокчейне, следующим шагом может стать масштабная токенизация облигаций и других ключевых элементов финансовой системы.
#JPMorgan #RWA #Circle #Write2Earn
$USDC

of Interop Labs but it is not buying the AXL token or the Axelar Network. The news made the Axelar token drop by thirteen percent because the deal does not give any direct benefit to people who hold the token. The deal shows that in crypto mergers and acquisitions companies often care about the people and the technology more than the tokens themselves.
Interop Labs created the Axelar Network which is a system that allows different blockchains to talk to each other and move assets safely between them. The engineers and technology from Interop Labs will now join Circle. At the same time another group called Common Prefix will take on a bigger role in keeping the Axelar Network running and improving it.

Even though the technology behind Axelar is strong and useful the token holders do not gain anything from this deal. The token is not part of the purchase and there is no plan to give token holders a share of revenue or any influence over the assets that Circle is acquiring. Because of this investors sold the token quickly and its price went down.

This type of deal shows a difference between the success of a project and the success of its token. Just because a network is working well and the people who built it are being recognized it does not mean the token will go up in value. In this case Circle gets talented engineers and technology that can help its stablecoin and payment business. But people who own AXL do not get any direct reward from the sale.

Crypto mergers and acquisitions are becoming more common and many of them focus on teams and the technology that makes networks work. Companies may want to hire smart engineers or buy systems that help move money or data between networks. The tokens that belong to those networks are not always part of the deal. Token holders need to understand that their investment may not benefit even if the project itself grows stronger.

For Axelar the future of the network still looks active because Common Prefix will continue to support it. The system for moving assets across blockchains will keep running and may improve over time. But the price of AXL may stay separate from these developments because the Circle deal does not include it.
In simple terms this story shows that in crypto people are buying talent and tools more than tokens. Success for a network does not automatically mean success for its token. Investors need to watch closely how deals are structured and what is actually included. Mergers can make the technology stronger and give teams more resources but the tokens can sometimes lose value even when the network becomes better.
#CryptoNews #Axelar #Circle #CryptoMergers