busy week for stablecoin regulation. tether pushed USAT, their GENIUS Act compliant coin, onto Celo, first time it's left Ethereum since launch. Hungary just scrapped its third party crypto verification rule and handed out its first MiCA license after admitting the old process was choking the market. UK's FCA came out and said stablecoins will be slow to catch on in retail payments there since people already have fast cheap ways to pay, but cross border in emerging markets is where the real utility is. add BNY Mellon moving $8.6 trillion of fund records onto an on-chain ledger and you've got regulators and custodians all converging on the same rails at once, just at very different speeds meanwhile the rest of the market's doing its own thing. bitcoin's been jumping on every Fed and oil headline out of Trump this week. binance rolled out gold and silver options after their metals perps pulled in something like $7B+ a day each. russia's FSB charged Durov with aiding terrorism while their own ruble stablecoin A7A5 is down 96% in volume with issuance frozen, so one state's building rails and another's charging the guy who built the ones everyone actually uses. lot of moving parts for one day with this much on the tape, feels like a day to actually have a position instead of just watching it. long or short, doesn't matter, the main thing is to do it on @liquidtrading: referral.tryliquid.xyz/NlVRt4W…
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