Weekly Roundup 12/12/25 (Do Kwon sentenced, DTC no action letter, Circle's private stablecoin) (EP.690)

Bullish:

• $STABLES - Stablecoins are superior to traditional banking infrastructure, especially in the US market which is the biggest market for dollars. They solve real payment problems and friction points in bank wires.

  • “The biggest market for stablecoins is not EM. It's actually The US, because it's the biggest market for dollars, and stablecoins are just better.”

    Nick·37:10
• $BANKS - Banks are now allowed to engage as intermediaries in crypto transactions on a riskless principal basis according to the OCC, opening significant new revenue streams and market infrastructure buildout opportunities.

  • “So the OCC, the office of the controller of the currency, came out and said that banks are now allowed to engage as intermediaries in crypto transactions on a riskless principal basis.”

    Matt·31:29
• $TOKEN - The DTC received a no action letter from the SEC to offer tokenized real world assets on their platform, which is a big deal for institutional adoption and collateral management use cases.

  • “So the DTC announced that they have received a no action letter from the SEC to offer tokenized real world assets on their platform to their participants.”

    Matt·21:02
• $PRIVACY - Privacy-focused stablecoins represent an enormous market opportunity as privacy is a big pain point for corporates. Circle is launching USDCX on the Aleo blockchain as a privacy-focused stablecoin.

  • “Circle announced this week that they are planning to launch a new stablecoin. It's going to be called USDCX. It's on the Aleo blockchain, and it's a privacy focused stablecoin.”

    Matt·23:39