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Author: Wei Xiang

  • [KPMG] Stablecoins: the bridge between traditional finance and digital assets

    [KPMG] Stablecoins: the bridge between traditional finance and digital assets

    Wei Xiang

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    In our last post we showed a glimpse of the stablecoins 2030 estimates, Today’s post is about exact regulations + technology architecture explained using heat map for each use case. Key insights from the report 👇 Exact regulations,– Stable Issuers must maintain 1:1 USD or T-bill reserves, publish monthly reserve audits & comply AML/KYC rules… Read more

  • [Citi] Stablecoins 2030

    [Citi] Stablecoins 2030

    Wei Xiang

    Stablecoins issuance volume figures are revised, Annual turnover forecast being $ 100 – 140 trillion by 2030. Why revised? Assumptions: Basis: Why do we need on-chain money? What’s the Global outlook? Challenges to Overcome for Wider Adoption Read more: GPS_Report_Stablecoins_2030.pdf Read more

  • [GFTN] Regulated Activities on Public Blockchains

    [GFTN] Regulated Activities on Public Blockchains

    Wei Xiang

    Regulatory outlook on public blockchains from an expert meeting Point Zero Forum in Zurich, Switzerland, following are 3 key insights: 1. Use cases: 🔹Cross border payments:Public blockchain offers a golden source of data, very valuable since the banks currently work with their own databases and reconciliation leading to delays and discrepancies. 🔹 Trading & settlement… Read more

  • [EY] Accounting for crypto-assets

    [EY] Accounting for crypto-assets

    Wei Xiang

    This report introduces cryptocurrencies and other types of crypto-assets and discusses some recent activities by accounting standard setters in relation to crypto-assets. What Are Crypto-assets? Crypto-assets are digital assets recorded on distributed ledgers, secured through cryptography. They fall broadly into two categories: Accounting for Crypto-assets Standard setters have started exploring approaches, though no unified standard… Read more

  • [Chainalysis] The Road to Crypto Regulation Part 2: Stablecoins At the Crossroads of Financial Services and Crypto

    [Chainalysis] The Road to Crypto Regulation Part 2: Stablecoins At the Crossroads of Financial Services and Crypto

    Wei Xiang

    The trajectory of stablecoins — cryptocurrencies whose value is pegged to another asset, most commonly a fiat currency — is at an inflection point. Already, stablecoins account for trillions of dollars in on-chain value transferred each month. But the broadening interest in this asset stems not from their foundational role in crypto markets, but from… Read more

  • [S&P Global] Stablecoins: A Deep Dive into Valuation and Depegging

    [S&P Global] Stablecoins: A Deep Dive into Valuation and Depegging

    Wei Xiang

    Stablecoins address the need for digital tokens that maintain a consistent value relative to a reference asset such as fiat currency (for example, US dollar). Stablecoins play an essential role in decentralized finance (DeFi) protocols, acting as a medium of exchange between other cryptocurrencies. They allow users to borrow against other crypto-assets, to hedge against… Read more

  • [coingecko] Cost of An iPhone in Bitcoin & Ether, Over The Years

    [coingecko] Cost of An iPhone in Bitcoin & Ether, Over The Years

    Wei Xiang

    How Much Does The iPhone 17 Cost In Bitcoin & Ether? The newly announced iPhone 17 costs 0.0072 in BTC and 0.1866 in ETH. Its base price is the same as the previous four iterations, $799. However, unlike the price of iPhones, the price of cryptocurrencies has been very volatile over the past decade.  The iPhone 17 Costs 0.0072 BTC in… Read more

  • [SAFEHERON] Supply Chain Attack Targets Frontend Ecosystem: Protecting Your Digital Assets

    [SAFEHERON] Supply Chain Attack Targets Frontend Ecosystem: Protecting Your Digital Assets

    Wei Xiang

    A large-scale npm frontend supply chain attack has recently been identified, where attackers compromised the npm account of a well-known developer (qix) via phishing. They then published malicious versions of popular JavaScript packages (such as chalk and debug), embedding malicious code. This code hijacks native objects like Fetch, XHR, and window.ethereum at runtime. It scans network responses and parameters for address strings and replaces… Read more

  • [Forvis Mazars] FinCEN Notice Warns of Emerging Risks in Crypto Kiosks

    [Forvis Mazars] FinCEN Notice Warns of Emerging Risks in Crypto Kiosks

    Wei Xiang

    On August 4, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice warning about increased illicit activity at convertible virtual currency (CVC) kiosks where fraudsters are exploiting the machines’ convenience and anonymity. While these self-service machines offer customers quick access to CVC, they also open new avenues for cybercrime, money laundering,… Read more

  • [HKMA] Explanatory Note on Licensing of Stablecoin Issuers

    [HKMA] Explanatory Note on Licensing of Stablecoin Issuers

    Wei Xiang

    While this Note summarises a number of principal provisions of the SO, the Guideline on Supervision of Licensed Stablecoin Issuers (“Supervisory Guideline”) and the Guideline on Anti-Money Laundering and CounterFinancing of Terrorism (For Licensed Stablecoin Issuers) (“AML/CFT Guideline”), this Note is not intended to be a comprehensive guide to the wide variety of compliance issues… Read more