Stablecoin

On December 21, 2025 in San Francisco, Gem Wallet announced a unified USDT infrastructure across 10+ chains, adding integrated swaps, bridges, and anti-scam protections. The self-custody, open-source app supports Tron, Ethereum, Solana, BNB Chain, and TON, with biometric security and address-poisoning alerts. Availability spans iOS, Android, and web, with fiat on/off-ramps via MoonPay, Paybis, and Transak.

On 21 December 2025, Mercado Bitcoin released a study showing Brazil's average crypto investment per user now exceeds $1,000, with typical holdings around 5,700 Brazilian reais. The report also highlights rising diversification, stronger stablecoin usage, and that digital fixed-income products distributed roughly $325 million to investors in 2025.

On 21 December 2025, a discussion draft from Representatives Max Miller and Steven Horsford outlined proposed changes to how everyday crypto use is taxed in the United States. The plan would exempt up to $200 in qualifying stablecoin payments from capital gains calculations and allow certain staking and mining rewards to be deferred for tax purposes for as long as five years. The draft emphasizes routine payments and reward income rather than speculative trading, while maintaining anti-abuse rules and Treasury oversight.

US Representatives Max Miller and Steven Horsford have released a discussion draft of the Digital Asset PARITY Act that would create a limited tax safe harbor for certain stablecoin payments. The bill would exempt regulated, dollar-backed stablecoin transactions under $200 from capital gains tax and offer an optional five-year deferral on staking and mining rewards. It also seeks to extend several existing securities tax rules to crypto assets and is slated to apply the stablecoin exemption to tax years beginning after December 31, 2025.

U.S. Reps. Max Miller (Ohio) and Steven Horsford (Nevada) proposed a de minimis tax exemption for stablecoin payments of $200 or less. In July 2025, Sen. Cynthia Lummis advanced a similar $300 threshold that failed to pass. Banks oppose 3%-4% stablecoin yields, while industry leaders, including Tyler Winklevoss, are pushing back.

Ripple is steering the XRP Ledger toward institutional-grade, protocol-native lending focused on fixed-term, fixed-rate facilities with isolated risk. The architecture centers on Single Asset Vaults for assets such as XRP and RLUSD, enabling yield generation tied to payments and trading workflows. Amendments for governance are expected to enter validator voting in late January.

A draft crypto tax framework in the US House of Representatives, led by Rep. Max Miller and supported by Rep. Steven Horsford, proposes a bipartisan overhaul of how digital assets are taxed. The plan includes a de minimis exemption for regulated stablecoin payments under $200, clearer rules for tax treatment of crypto lending, and up to five years of deferral on income from mining and staking rewards. If formally introduced and passed, it could mark a major shift in how Americans use and report digital assets for tax purposes.

On December 21, Zhao Zhongxiu of the University of International Business and Economics proposed piloting stablecoin regulations in China’s Free Trade Zones, including Qianhai and Hainan. The plan focuses on building cross‑border fintech infrastructure, testing an offshore RMB stablecoin and creating a whitelist regime, while the People’s Bank of China keeps current crypto trading bans in place. These trials are intended to support digital trade and blockchain development under strict reserve transparency and risk controls.

On December 21, 2025, U.S. Representatives Max Miller and Steven Horsford released a draft crypto tax framework focused on small stablecoin transactions and staking and mining income. The proposal would exempt capital gains on payments under $200 made with regulated dollar-pegged stablecoins and offer taxpayers an option to defer taxes on staking rewards for up to five years. The plan also includes a mark-to-market regime allowing traders to report unrealized gains and losses annually.

Reports indicate that U.S. Representatives Max Miller and Steven Horsford are allegedly working on a Digital Asset PARITY Act that would adjust cryptocurrency tax rules, including stablecoin transaction relief and deferred taxation of blockchain rewards. However, the bill and its provisions remain unconfirmed, and observers note similarities with earlier proposals from Senator Cynthia Lummis as questions persist about the measure’s authenticity and potential impact.