News linked to both this project and an event.
According to The Block, Standard Chartered Bank has pushed back its forecast for the stablecoin market to reach a $2 trillion scale from 2028 to 2030. Geoffrey Kendrick, the bank's Global Head of Digital Asset Research, stated that stablecoin supply has consistently hovered between $300 billion and $320 billion over the past 12 months, currently standing at approximately $309 billion. The stagnation in growth is viewed as a cyclical, rather than structural, issue. Despite the slowdown in supply growth, usage continues to climb—average monthly on-chain transfer volume neared $10 trillion in 2026, a significant increase from $4 trillion in 2025, with May alone recording a record-high $19 trillion in on-chain transfers. Stablecoin velocity has also doubled from 15x in 2025 to approximately 30x. Specifically, USDC velocity rose from 45x to 80x, primarily used for payments and AI agent-to-agent transactions; USDT velocity remains around 7x, mainly serving dollar savings demand in emerging markets. Kendrick noted that competition is most intense in mature market payments and traditional finance alternatives, with potential challengers including OUSD, stablecoin infrastructure provider M^0, and the multi-bank shared stablecoin network A+. On the regulatory front, the U.S. GENIUS Act is expected to take effect in January 2027, and its global rollout effectiveness will be a primary risk factor influencing the realization of the forecast.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.