... confirms the importance of the phenomenon. Among private initiatives, along with Tether and Circle, stablecoins from large tech or financial companies are likely to solidify their positions. The previously mentioned PayPal USD (PYUSD)—launched in August 2023—aims to carve out a niche in payments within the PayPal/Venmo ecosystem by 2025. While its volumes are currently modest, the mere fact that such a company has entered this market pushes competitors. Additionally, stablecoins pegged to a basket of currencies or inflation indices may emerge—more complex hybrid digital assets ...

... this period ends, the currency supply on the market may decrease, creating conditions for a modest ruble depreciation in early August. Experts note that the exchange rate of the Russian currency is likely to remain relatively stable in the near term. Specifically,... ... certain industries restrained more active index growth. Investors in Russia are closely awaiting the start of the first half of 2025 earnings reports from major issuers. Expectations of improved financial performance in the banking and consumer sectors add ...

... Approaches in Asian countries vary. Hong Kong is launching a licensing regime for stablecoin issuers and crypto exchanges starting August 1, offering liberal conditions for crypto business in an effort to become a regional hub. Meanwhile, Japan maintains strict ... ... launching new products based on digital assets and offering clients services for the custody and management of cryptocurrencies. In 2025, several financial giants on Wall Street filed applications to launch spot Bitcoin ETFs, while existing cryptocurrency funds ...

... hubs. Hong Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets; moreover, a comprehensive stablecoin law has been enacted (coming into effect in August 2025), attracting new market participants to Hong Kong. Singapore maintains a strict yet clear regulatory framework: a combination of stringent requirements with support for the blockchain industry and government initiatives is stimulating the influx ...

... crypto-friendly hubs. For instance, Hong Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets. A comprehensive stablecoin law has also been passed (effective August 2025), drawing new market participants to Hong Kong. Singapore maintains a strict yet clear regulatory framework: a combination of stringent requirements and government support for the blockchain industry stimulates the influx of crypto startups. At the ...