The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity.

Crypto’s next chapter isn’t a shinier coin—it’s invisible rails. In this episode, we sit down with Aryan Sheikhalian, Research Lead at CMT Digital, to unpack the shift from “crypto as an asset” to crypto as infrastructure: 24/7 markets, instant clearing and settlement, and new structured products that couldn’t exist before.

Over $300 billion of stablecoins now exist on blockchains as cheaper issuance and regulatory clarity fuel the sector’s growth.

The publicly held, multi-billion dollar neobank recently revealed the scope of its crypto comeback, including plans for a stablecoin and tokenized loans.

Passed in mid-July, the GENIUS Act has shaken up the U.S. stablecoin sector.

USAD will combine Aleo’s privacy-focused technology with Paxos Labs’ issuance infrastructure.

SG-FORGE is bringing its euro and dollar stablecoins to decentralized finance platforms Morpho and Uniswap.

The new Solana-based stablecoin offers permissionless access to delta-neutral yield strategies.

The stablecoin’s market capitalization has increased by 42% this week.

Rising use in Hong Kong, the UAE, and other markets underscores stablecoins’ growing global footprint.