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Author: Wei Xiang

  • [Congressional Research Service] Stablecoin Legislation: An Overview of S. 1582, GENIUS Act of 2025

    [Congressional Research Service] Stablecoin Legislation: An Overview of S. 1582, GENIUS Act of 2025

    Wei Xiang

    The GENIUS Act of 2025 (S.1582) aims to establish a comprehensive federal framework for regulating payment stablecoins—digital assets pegged to a fixed value (e.g., $1) and used for payments or settlements. Although the Senate did not advance the bill on May 8, it outlines key proposals that may shape future legislation. Key Requirements for Issuers… Read more

  • [bozhangles] Financial Anatomy of a Token Launch

    [bozhangles] Financial Anatomy of a Token Launch

    Wei Xiang

    CEX Listing Fees A basic trio many go with is MEXC, Gate, Kucoin, so you’re looking at $500k minimum. Market Making Fees Retainer (passive) is usually the most transparent model, but can cost 520k/month. Let’s average that to $10k/month, and you’re looking at $120k/year. MM Inventory When your token gets listed on a CEX, the… Read more

  • [zodia] The Age of Stablecoins: Digital Money Meets Institutional Scale

    [zodia] The Age of Stablecoins: Digital Money Meets Institutional Scale

    Wei Xiang

    Over the past decade, the evolution of stablecoins has accelerated at an extraordinary pace, reshaping the financial services landscape in ways few could have anticipated. This report offers an in-depth look at the transformative role stablecoins are now playing across payments, trade, savings, and the broader tokenisation of assets, and examines how this will shape… Read more

  • [ISCA] Pudgy Penguins Versus Dogecoin

    [ISCA] Pudgy Penguins Versus Dogecoin

    Wei Xiang

    Key Takeaways Read more

  • [HKMA] Government welcomes passage of the Stablecoins Bill

    [HKMA] Government welcomes passage of the Stablecoins Bill

    Wei Xiang

    On May 21, 2025, Hong Kong’s Legislative Council passed the Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (FRS) issuers. The new law requires any entity issuing an FRS in or related to Hong Kong to obtain a license from the Monetary Authority (MA). Licensed issuers must meet stringent requirements, including proper reserve asset… Read more

  • [NEOSLEGAL] FOUNDER’S GUIDE TO UAE CRYPTO LAWS

    [NEOSLEGAL] FOUNDER’S GUIDE TO UAE CRYPTO LAWS

    Wei Xiang

    Innovation has always been a driving force behind the UAE’s economic ambition – and few industries embody that spirit more powerfully than crypto. From launching the world’s first independent regulator for virtual assets, VARA, to implementing a bespoke VAT framework for digital transactions, the UAE is not merely keeping pace with change but is leading… Read more

  • [J.P.Morgan PAYMENTS] Payments without borders

    [J.P.Morgan PAYMENTS] Payments without borders

    Wei Xiang

    What are CBP and RTP? CBP play a crucial role in the global economy, facilitating the flow of money between countries for activities such as international trade, tourism, remittances, investments, and charitable donations. These transactions between parties located in different countries that involve different currencies of origin and receipt can occur among individuals, businesses, financial… Read more

  • [Simplicity Group] Revenue Generating Apps

    [Simplicity Group] Revenue Generating Apps

    Wei Xiang

    Not only are narratives in crypto short-lived and their popularity and usage fluctuate drastically, but it becomes easy to get lost in trends. With new chains, new technologies, new narratives and products, sometimes it can be difficult to zoom out into the bigger picture and see Web3 projects for what they really are: Businesses. Underneath… Read more

  • [Coin Metrics] STABLECOIN SECTOR ANALYSIS – MAY 2025

    [Coin Metrics] STABLECOIN SECTOR ANALYSIS – MAY 2025

    Wei Xiang

    One particular sector of digital assets has captured growing interest due to their unique properties: Stablecoins. In a market prone to extreme volatility, stablecoins are digital assets designed to maintain a stable value relative to a specific asset or basket of assets, most commonly the U.S. dollar. Functionally, they represent collateralized deposits on-chain, with the… Read more

  • [SYGNUM] Valuing crypto assets

    [SYGNUM] Valuing crypto assets

    Wei Xiang

    The invention of cryptocurrencies created a new type of asset. But how these assets create economic value and how to estimate this value is still poorly understood in the market. Crypto assets represent investments in early-stage transformational technology where the opportunity lies in medium- to long-term growth. Any valuation methodology ultimately hinges on forecasting this… Read more