The STABLE Act, that majestic new law promising full reserves, could very well turn out to be a jackpot for compliant stablecoin issuers like Coinbase. Yes, you read that right. The STABLE Act, with all its grandiose goals, might just be a sweet deal for those who follow the rules, such as Coinbase and its delightful stablecoin friends. But who exactly benefits? Let’s dig in. Spoiler: It’s not everyone. 😜
On the 17th of April, Nansen released a report that pretty much has the crypto world buzzing like a bee in a jar. The report details how the STABLE Act might just bless compliant issuers like Coinbase, PayPal, and Visa with the kind of riches that only regulation could deliver. Ah, the sweet scent of compliance… And regulation… How charming. 🙄
Now, what is this STABLE Act exactly? Well, it passed the U.S. House Financial Services Committee on April 2, and it’s not just any piece of paper. It’s the regulation to end all stablecoin regulations, and it’s packed with provisions aimed at securing the future of stablecoins. Full reserves, transparency, and, of course, ensuring the dollar continues its reign like the financial king it is. 🏰
Here’s the fun part: stablecoin issuers will need to keep their reserves in cash or U.S. Treasuries, with absolutely no interest payments to holders (because who doesn’t love a good financial surprise, right?). To make things even more thrilling, stablecoin issuers must now be licensed banks, state-approved trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency. Aaaaand cue the paperwork. 📑😬
Coinbase, Visa, and PayPal to Wipe the Floor with the Competition Thanks to the STABLE Act
For all the crypto cowboys out there, you might want to sit down for this next bit. The big winners? Well, let’s start with Coinbase—an old hat at this game and a major distributor of Circle’s USDC stablecoin. They’ve already checked the regulatory boxes and passed the EU’s MiCA regulation. Who’s the new sheriff in town? It’s USDC, baby, taking the crown. 👑
Now, don’t forget PayPal, which has entered the game with PYUSD. Sure, PYUSD currently holds a tiny 0.38% of the stablecoin market (blink and you miss it!), but once the STABLE Act is in place, PayPal could roll out PYUSD across its global empire of services. 🤑 PayPal’s got the reach, and now it might just have the stablecoin game in its pocket too. Grab your popcorn, folks.
And who could forget the credit card overlords, Visa and Mastercard? These giants are already dipping their toes into stablecoins, with Visa testing USDC for card settlements. So what’s next? These companies could soon be embracing stablecoins like an old friend they never knew they needed. 💳
But hold your horses—there’s one stablecoin you won’t see listed here. USD1, the brainchild of Trump-linked World Liberty Financial, seems to miss the mark. Sure, it fits the criteria, but it’s not tied to a powerhouse like Coinbase, PayPal, or Visa. So, it’s more of a “nice try” than a contender in this race. 👋
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- tag, not repeated as a header. They want all images retained and no tags or color styles. First, I’ll start with the title. The original title is “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” I need to make it more clickbaity and Terry Pratchett-esque. Maybe something like “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” That’s under 100 characters? Let me check: “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” – yes, 97 characters. Good. Next, the body. The first paragraph talks about the rollercoaster week with whale activity and liquidations. Terry would probably compare it to something absurd. Maybe a “rollercoaster” isn’t enough. Maybe “the Hyperliquid rollercoaster took a detour through a black hole” or something. Also, mention the whale trader with a humorous twist. Maybe “a certain whale with a penchant for drama and a balance sheet thicker than a fantasy novel” to add that Pratchett flair. The second paragraph about the $19 billion event. Maybe refer to it as “the Great Liquidation of Doom” or something. “fresh on the backdrop” could be “fresh from the annals of ‘Oh My Goodness, Not Again'” to add humor. In the price analysis section, the 8% drop. Terry might compare it to a “graceful swan dive into a puddle of despair.” The market cap and volume up 4.22%-maybe “panic selling and algorithmic trades are having a party where the only music is the sound of wallets sobbing.” The technicals part: slipped below SMA lines. Maybe “HYPE decided to play ‘hot potato’ with its moving averages.” MACD and RSI-describe them as “momentum indicators are throwing a hissy fit” and RSI “hovering near 41 like a nervous pigeon.” The FAQs need to be rewritten with sarcasm. “Why is Hyperliquid underperforming?” could be phrased as “Why is Hyperliquid underperforming? Well, let’s see. It’s like asking why a duck is bad at chess…” Then mention the technical breakdowns and whale shorts as “a perfect storm of technical breakdowns and whale-sized shorts.” Next support level: “The $33-$35 range is the next critical support zone…” Maybe “the $33-$35 range is where hopes go to be gently soothed by Fibonacci fairy dust.” Recovery question: “HYPE needs a sustained close above $41.42…” Maybe “HYPE needs to do the equivalent of a sober caber toss over $41.42.” Throughout, add emojis where appropriate. For example, after mentioning whales, add 🐋💸. In the FAQs, maybe 💩 for the underperforming question. Check for all images retained. The figure tag is there, so leave it as is. Avoid using tags, no color styles. Ensure the title is only in the tag and not as a header. The original had H2 headers, so keep those but maybe tweak the text to be more whimsical. Like “Hyperliquid Price Analysis” becomes “Hyperliquid Price Analysis (Or: The Day the HYPE Died?)” Wait, but the user said not to repeat the title in the body as a header. The original title was “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” but the new title is different. So the H2 headers should be original, so the first H2 can stay as “Hyperliquid Price Analysis” but maybe add some humor there. Alternatively, maybe “Hyperliquid’s Great Adventure in the Land of Red Arrows” or something. But need to make sure it’s not the same as the title. Also, ensure that the humor is consistent throughout, with a bit of sarcasm and playful language. Avoid markdown, just HTML. Check for any tags and remove them. Use , , , etc., as in the original. Finally, wrap it all in HTML structure with the new title, and ensure emojis are appropriately placed without overdoing it. Let me go through each section step by step and inject the humor, sarcasm, and emojis as per Terry Pratchett’s style.End of Thought (23.26s) Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸
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2025-04-18 16:49