Subscribe Newsletter

Author: Wei Xiang

  • [Banking circle] Stablecoins in the real world

    [Banking circle] Stablecoins in the real world

    Wei Xiang

    Stablecoins in real world is gaining more traction beyond just USDC and USDT. The banking circle in Europe had issued EURI last year. With the growing use case and increasing regulatory clarity in EU (MiCAR), the institutional adoption of stablecoin is clearly evident,– as the circulation crossed USD 50 million in June 2025. Read more

  • [FASB] Classification of certain digital assets as cash equivalents.

    [FASB] Classification of certain digital assets as cash equivalents.

    Wei Xiang

    Crypto might be classified as cash equivalent ? As we know,the accounting classification of crypto has majorly been either:- – Intangible asset or– Inventory. On 29th Oct, FASB has added a project to its technical agenda, to clarify whether certain digital assets may be classified as cash equivalents. Source: https://fasb.org/page/PageContent?pageId=/news_and_meetings/past-meetings/10-29-25.html#digital-assets Read more

  • [Stablecoin Insider] How do Stablecoin issuers make money?

    [Stablecoin Insider] How do Stablecoin issuers make money?

    Wei Xiang

    How do stable coin issuers make money?, even when they have to maintain 1:1 reserves? Depending on their business model, primary and secondary sources: 1. Reserve yield (interest earnings from T-bills/Bank deposits, reverse repo and Govt MMFs) 2. Mint/Redeem fees (small fees on mint/redeem from institutions/partners) 3. Platform/API fees (paid access to dashboards, payout service,… Read more

  • [forvis mazars] Quarterly Insights: US Financial Services Regulatory Centre Q3 2025

    [forvis mazars] Quarterly Insights: US Financial Services Regulatory Centre Q3 2025

    Wei Xiang

    Stablecoin Mandate: Why 100% Backing Changes Everything Q3 2025 marked a definitive pivot point for U.S. financial services: Regulation is actively laying the foundation for the digital asset economy. Here’s the breakdown of regulatory shifts and why stablecoins are the core catalyst: Economy & Regulatory Reset The economic climate demands caution: Stablecoin Insights: The Disruption… Read more

  • [Reuter] Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

    [Reuter] Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

    Wei Xiang

    A new controversy in stablecoins has arisen, Beijing v/s Chinese tech giants! Chinese regulators, has reportedly instructed to pause⚠️ the stablecoin plans, (regulators include People’s Bank of China (PBOC) and Cyberspace Administration of China (CAC)) As we know earlier during this year, In May, the Hong Kong’s legislature passed a stablecoin licensing regime. In June, Ant… Read more

  • [forvis mazars] U.S. Treasury Seeks Comment on BSA Aspects of Stablecoin

    [forvis mazars] U.S. Treasury Seeks Comment on BSA Aspects of Stablecoin

    Wei Xiang

    The U.S. Treasury has extended deadline for public comments for the GENIUS Act to November 4, 2025. The Treasury issued an Advanced Notice of Proposed Rulemaking (ANPR) an early-stage rulemaking step that will require Treasury to issue a subsequent proposal to seek additional public input before any regulations may be finalized, requesting public comment regarding its… Read more

  • [MAS] MAS Launches BLOOM Initiative to Extend Settlement Capabilities

    [MAS] MAS Launches BLOOM Initiative to Extend Settlement Capabilities

    Wei Xiang

    Institutional crypto adoption is progressing? No. Completed. It’s already adopted. After more than 10 trials, examining technical and infra aspects for digital Singapore dollar, their learnings translated into now market-ready commercial offerings (called Project Orchid), Monetary authority of Singapore launched BLOOM, enabling settlement in tokenized assets and stablecoin for private banks ! It encompasses:– G10… Read more

  • [SAFEHERON] The Evolution of crypto custody: From asset safe to business growth engine

    [SAFEHERON] The Evolution of crypto custody: From asset safe to business growth engine

    Wei Xiang

    How to pay lower gas fees as a crypto native business? If your entity has a crypto asset custody and want to explore ways to minimize gas fees ↓ and maximize speed and privacy ↑, read below. → Prefer MPC over Multisig !! What is MPC? A secure multi party computation (MPC) ensuring a complete… Read more

  • [Deloitte] The use of cryptocurrency in business

    [Deloitte] The use of cryptocurrency in business

    Wei Xiang

    The first question to ask when considering using crypto in your company’s operations is: Do we hold crypto on our balance sheet or simply adopt crypto-enabled payments? To determine an appropriate path for your business, you should consider how it aligns with your business objectives. Consider the potential benefits, drawbacks, costs, risks, system requirements, and… Read more

  • [LondonlovesBusiness.com] Top three crypto accountants in Australia for stress-free crypto tax reporting

    [LondonlovesBusiness.com] Top three crypto accountants in Australia for stress-free crypto tax reporting

    Wei Xiang

    ,

    How to find the right crypto tax professional in Australia ? Here are the # Top 3:Depending on your specific tax situation: # For fixing errors in crypto software👇 • Crypto Tax Made Easy by Matthew WalrathAs per research, 90% of the time, crypto tax software overestimates capital gains because it misclassifies DeFi transactions, NFT… Read more