Ribbit Management Company, LLC
-10.23%
3個月報酬率
$8.160
+0.333 (+4.08%)收盤時
StablecoinX Inc. is a stablecoin infrastructure company focusing on the Ethena digital dollar ecosystem. The Company’s operating business develops and delivers infrastructure software and services purpose-built to advance the Ethena ecosystem. Ethena is an issuer of digital dollars. The Company's business is focused on Infrastructure Services, stablecoin middleware software (Stablecoin Harness), and Distribution Services. Infrastructure Services is operating a Decentralized Verifier Node (DVN) serving as a cross-chain message verifier for the entire Ethena ecosystem across all blockchain networks. The Company is also focusing on building Stablecoin Harness, a unified middleware stack bringing utility and access to Ethena products through a single Application Programming Interface (API) platform. It also focuses on developing a distribution business to facilitate the adoption of Ethena's digital dollar products among financial institutions, asset managers, and investors.
Given the current price of 7.65, the RSI is at a very low 21.977, indicating oversold conditions, but this is coupled with a troubling 5-day change of -27.63%. The forward P/E is at 0, suggesting no earnings growth expectations. The gross margin of 60.23% is strong, but it is overshadowed by a net income loss of -34,180,809 in Q2 2026. The main risk is the significant decline in stock price over the past month, which raises concerns about the company's financial health and market sentiment.

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StablecoinX Inc. is a stablecoin infrastructure company focusing on the Ethena digital dollar ecosystem. The Company’s operating business develops and delivers infrastructure software and services purpose-built to advance the Ethena ecosystem. Ethena is an issuer of digital dollars. The Company's business is focused on Infrastructure Services, stablecoin middleware software (Stablecoin Harness), and Distribution Services. Infrastructure Services is operating a Decentralized Verifier Node (DVN) serving as a cross-chain message verifier for the entire Ethena ecosystem across all blockchain networks. The Company is also focusing on building Stablecoin Harness, a unified middleware stack bringing utility and access to Ethena products through a single Application Programming Interface (API) platform. It also focuses on developing a distribution business to facilitate the adoption of Ethena's digital dollar products among financial institutions, asset managers, and investors. It operates in the Financials sector.
Given the current price of 7.65, the RSI is at a very low 21.977, indicating oversold conditions, but this is coupled with a troubling 5-day change of -27.63%. The forward P/E is at 0, suggesting no earnings growth expectations. The gross margin of 60.23% is strong, but it is overshadowed by a net income loss of -34,180,809 in Q2 2026. The main risk is the significant decline in stock price over the past month, which raises concerns about the company's financial health and market sentiment.
Latest Update on Withdrawal Services The following networks and assets have now resumed withdrawal services: Newly restored in this update: ✅ ETH network: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL network: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Previously restored: ETH network: RLUSD, USD1, TUSD, FDUSD, XUSD As security checks are gradually completed, we will continue to restore withdrawal services for more networks and assets in phases. Further updates will be shared through Binance's official channels.
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Stablecoin deposits in decentralized finance (DeFi) have reached $24 billion, a 560.8% increase over three years, according to Token Terminal data released on October 25, 2026. But the long-term expansion contrasts with a shorter-term retreat: separate lending-pool data show net withdrawals over the past month. Summary Key takeaways Stablecoin deposits in DeFi grow as holders seek yield USDC leads with about $9.2 billion in deposits A small share of the market, with monthly outflows Lending platforms connect deposits with collateralized borrowing Key takeaways USDC accounts for 38.2% of DeFi stablecoin deposits. DeFi holds about 8% of the overall stablecoin market. Monthly net withdrawals totaled approximately $99.8 million after interest. Stablecoin deposits in DeFi grow as holders seek yield The three-year rise reflects growing use of DeFi protocols to earn returns on stablecoin holdings. Rather than keeping these assets solely as a place to hold funds between trades, users are increasingly supplying them to yield-generating protocols. That activity remains concentrated in a few assets. Although Token Terminal's dataset covers 193 digital assets, USDC, USDT and USDe together represent roughly two-thirds of stablecoin deposits in DeFi. USDC leads with about $9.2 billion in deposits USDC holds the largest share at 38.2%, equivalent to approximately $9.2 billion. Its deposited value is nearly twice that of second-place USDT. USDT accounts for 20.3%, or about $4.9 billion. USDe ranks third, with a 9.0% share worth around $2.2 billion, according to Token Terminal's figures. The distribution shows a clear lead for USDC among assets deployed into these protocols, even within a dataset spanning many more digital assets. A small share of the market, with monthly outflows Stablecoin deposits in DeFi represent about 8% of the approximately $298.4 billion stablecoin market. Roughly 92% of that market therefore sits outside DeFi deposits. A separate measure from DeFiStar.io puts stablecoin lending pools' total value locked (TVL) at approximately $25.68 billion in a recent 24-hour snapshot. That figure measures lending-pool TVL, rather than Token Terminal's reported deposit total. DeFiStar.io's monthly flow figures show a different direction from the three-year growth trend. After accounting for interest, lending pools recorded approximately $99.8 million in net withdrawals over the past month. Lending platforms connect deposits with collateralized borrowing Major protocols holding these deposits include Aave V3, Morpho, Sky Protocol and Spark. Their lending model connects stablecoin suppliers with borrowers taking loans against collateral. Depositors face risks from flaws in smart contracts, failures at the protocol level and stablecoins losing their peg. The returns come from lending activity: borrowers pay interest, which flows back to those supplying the capital. Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
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#GateQ3ReportReleased Gate Q3 2026 Report: From a Crypto Trading Powerhouse to a Full Multi-Asset Financial Ecosystem Gate's Q3 2026 performance highlights a major shift in the digital finance industry. The platform is no longer focused solely on crypto trading; it is building a connected financial ecosystem that brings crypto markets, global equities, tokenized stocks, wealth management, and innovative financial services together in one account. 1. Trading growth reflects continued market strength In September, Gate's core trading markets performed well. Derivatives volume reached $396 billion, up 38.2% quarter over quarter; spot volume climbed to $48.8 billion, up 21.9%. Gate ranked among the top three global centralized derivatives exchanges with a 10.1% market share. CryptoQuant also reported that Gate's 30-day spot volume in August grew 667%, ranking first across the industry. RWA perpetual contract market share reached 9.1%, ranking third globally. These figures show the platform's expanding influence across both traditional and digital asset markets. 2. ETFs, options, and CrossEx expand opportunities Gate's quarterly ETF volume approached 60 billion USDT, with supported ETF trading pairs expanding to 424. Options volume grew 23.8% quarter over quarter, and new options users surged 52.1%. CrossEx also saw substantial growth, with quarterly volume up 63%, retained assets up 902%, and trading users up about 315%. These results highlight growing participation across different trading products. 3. Global equities and tokenized stocks Gate has expanded its services to cover more than 12,800 stocks and ETFs across the US, Hong Kong, South Korea, and Japan. This includes over 10,000 US stocks, about 1,500 Hong Kong stocks, 1,000 South Korean stocks, and 300 Japanese stocks. Users can access 24/7 trading, fractional trading with a minimum of 0.01 shares, and USDT settlement. Meanwhile, gStocks monthly volume in August exceeded $2.5 billion, stock assets under management surpassed $200 million, and cumulative volume topped $2 billion. Gate ranked among the top two platforms globally for comprehensive competitiveness in stock spot trading. More than 40 trading pairs added in July drove activity in assets such as NVIDIA, Tesla, Microsoft, AMD, Meta, and major ETFs. 4. Wealth management is becoming a key growth engine Simple Earn assets under management exceeded $1.85 billion, up more than 24% quarter over quarter; USDT assets grew nearly 11%. Gate launched flexible subscription options for another 85 assets, with a focus on gStocks, and added 25 fixed-term Earn products covering USDT, USDE, and USDPT. VIP Fixed Term Earn attracted over 290 million USDT in subscriptions, with USDT Earn annualized yield reaching up to 11% during the promotional period. Gate Staking assets under management peaked above $1.27 billion, up more than 57% from the end of Q2. Idle Earn, supporting USDT, USDC, and USD1, accumulated over $300 million in held assets. 5. Reserves, transparency, and long-term sustainability In August, Gate reported reserve assets of $8.215 billion and a total reserve ratio of 127%. Cumulative GT token burn reached about 192 million, equivalent to a 63.98% reduction from the initial supply. CoinDesk coverage also confirmed September derivatives volume and Gate's top-three ranking. Beyond these figures, the Gate ecosystem also includes CFDs across multiple asset classes, Gate Card, Gate Layer, and other payment and infrastructure services. My view What impressed me most is the diversification of Gate's growth. Strong derivatives and spot markets are being complemented by global equities, tokenized stocks, yield products, staking, and financial infrastructure. This gives users more ways to access different markets without relying on a single product category. However, growth figures alone do not guarantee future performance. Liquidity, risk management, product transparency, and sustainable returns remain important considerations. Gate's Q3 2026 results present a compelling picture: an evolving multi-asset platform. The next challenge is to sustain this momentum while continuing to strengthen user trust, improve product quality, and create long-term ecosystem value. #ShareWeekly #内容挖矿 #weeklyshare #WCTCS9 [@Gate_Square](gt://mention/g1UZydKt-c9b1A62Hq)
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