Research_Man
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🌍 WTO: Stablecoins are restrained by regulations, not technology
The WTO believes stablecoins have great potential in international payments & trade finance, but face a major bottleneck:
Stablecoins currently account for about 3% of international payments.
Only 39% of surveyed regions have a complete regulatory framework.
Cross-border payments using stablecoins have increased 35 times in 4 years.
Developing countries could benefit the most from reduced remittance costs but lack legal infrastructure.
While governments are still drafting laws, Mastercard & Western Union have already started testing payments with stablecoins.
Technology is ahead, the law is catching up 😆.
⚡ Solana increases transaction size more than 3 times
Solana deploys Transaction V1, raising the limit per transaction:
1,232 → 4,096 bytes 🚀
Allows processing complex operations within a single transaction.
Beneficial for enterprise multisig wallets and applications using ZK proofs.
Wallets, exchanges, and analytics platforms will need to update to support the new format.
Solana is gradually "unlocking" more features to narrow the gap with Ethereum - while still remaining fast + cheap.
🚀 Kaiko raises 110 million USD, led by S&P Global
Kaiko – a crypto data company in Paris – has just completed a 110 million USD funding round.
The round was led by S&P Global, along with BNP Paribas, Nasdaq Ventures, Coinbase Ventures.
Previously acquired Cometh & Amberdata, and also partnered with Bloomberg.
The new capital focuses on developing data infrastructure for tokenizing bonds, stocks & money market funds.
Wall Street is pouring money into onchain infrastructure. RWA seems to be shifting from "narrative"
-> real infrastructure.
🇧🇷 Brazil tightens crypto: Could only about ~10 companies remain?
Brazil significantly raises capital requirements and licensing standards:
Minimum capital $2M–$7.2M, depending on service and risk level.
Crypto exchanges face the highest requirement of $7.2M.
Must also comply with AML, governance, auditing & reporting regulations.
Out of ~200 current companies, only 20–25 are considered strong enough to apply for a license.
In the end, possibly only ~10 entities will be approved.
Application deadline: 10/30; failure to apply will allow 30 days to cease operations.
Brazil is preparing to enter the “big fish – small fish” filtering stage of the crypto industry.
🚀 Circle raises 400 million USD to acquire Tazapay, competing with Tether in emerging markets
Circle acquires Singapore payment company Tazapay to expand USDC in Asia, the Middle East, and Latin America.
Tazapay operates in 100+ markets.
Brings payment infrastructure, banking relationships, and legal licenses.
USDC currently has about 74 billion USD in circulation, ranking second after USDT.
The total stablecoin market has surpassed 300 billion USD.
Tether is leading in emerging markets, and Circle is starting to directly challenge its home turf.
🇺🇸 Trump nods to the new CLARITY bill before the vote
The Republicans just released the new CLARITY Act, with ~80% of the ethical provisions agreed upon by Trump.
Those subject to the rules must sell or transfer crypto interests to an independent manager.
Stablecoins are still banned from paying interest but can reward payment/transaction activities.
Tightening internal trading & conflicts of interest at exchanges, brokers, dealers.
Kalshi: probability of CLARITY passing in 2026 rises 16% → 39%.
If it passes the vote, the bill will return to the House before reaching Trump's desk.
CLARITY is now running against a real deadline.
