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Bitwise Chief Investment Officer Matt Hougan believes stablecoin issuer Tether could become the world’s most profitable company if emerging markets shift to using USDT as a primary currency. In a new Bitwise blog note, Hougan says that Tether already holds a near-total share of the stablecoin market in many non-Western countries. “But Tether is targeting a very large market. It has a nearly 100% share of the stablecoin market in non-Western countries. There’s a chance that many emerging market countries will convert from primarily using their own currencies to using USDT. If that happens, Tether could end up managing trillions of dollars and capturing all of the interest.” At current rates, Hougan projects that if Tether can reach $3 trillion in assets, its profits could surpass Saudi Aramco’s record $120 billion in 2024. “For context: In 2024, Saudi Aramco turned in the most profitable year in corporate history, earning $120 billion. At current...

Decentralized finance (DeFi) continues to reinvent how capital flows across the internet, offering alternatives to traditional financial products with programmable, transparent, and borderless structures. Among the most impactful innovations are fixed-rate lending and yield tokenization—two mechanisms that not only address long-standing inefficiencies in DeFi but also open new horizons for liquidity, risk management, and income generation. In this article, we’ll explore how fixed-rate lending and yield tokenization work, why they matter, and where these innovations may lead the next wave of DeFi adoption. The Rise of Fixed-Rate Lending in DeFi Most DeFi lending platforms—such as Compound or Aave—offer variable interest rates. While flexible, these rates fluctuate based on supply-demand dynamics, making it difficult for borrowers and lenders to plan with certainty. Fixed-rate lending solves this problem by locking in interest rates for a specified period. Borrowers gain predictable repa...

Hong Kong’s stablecoin adoption is actually accelerating right now as the city’s taxi industry gets pushed into embracing digital payments, and this is signaling China’s strategic crypto reentry through regulated channels. Starting April 1, Hong Kong’s cash-loving cabbies have been required to offer digital payment alternatives, which creates the perfect testing ground for China crypto reentry initiatives along with regulated stablecoins Asia deployment. How Hong Kong Stablecoin Adoption Signals China’s Crypto Reentry Hong Kong taxi with payment terminal interface – Source: South China Morning Post The timing of Hong Kong stablecoin adoption actually coincides with new licensing requirements that were launched on Friday, and this positions the territory as Asia’s crypto capital. This regulatory framework enables China crypto reentry through controlled channels while mainland restrictions are still being maintained. Dr. Xiao Feng of HashKey Group...

NYSE Arca, the leading U.S. exchange for exchange-traded fund (ETF) listings, has officially approved the ProShares Ultra XRP ETF for listing and registration, according to a notice published by the U.S. Securities and Exchange Commission (SEC) on Monday, July 14.  The leveraged futures-based fund will trade under the ticker UXRP, and trading is expected to begin by the end of the week. In a separate filing, the SEC also disclosed that the exchange has greenlighted the ProShares Ultra Solana (SOL) ETF as well, marking another step forward in expanding access to leveraged crypto-based investment products. XRP ETF filing. Source: SEC What does the XRP ETF mean? The XRP ETF is registered under the Securities Exchange Act of 1934 and will benefit from NYSE Arca automated auctions and enhanced price discovery.  SEC’s decision coincides with the Crypto Week held in Washington, D.C., where legislators are debating key issues, including the Clarity Act and...