BTCUSDT20240507P61250
Bitcoin / Tether USD May 7 2024 61250.00 Put
crypto

If you’ve not been living under a slab of ore, you’d know that gold’s ripping.
I think it’s great for bitcoin overall.
First, gold is the OG hedge for fiat. So gold going up proves the base line thesis for bitcoin.
Second, BTC market cap is often pegged to gold’s. Gold going up gives more headway and higher target for BTC. Gold about 11-12x bitcoin currently. Which means BTC will certainly rip upto 1million in the next decade, probably even more depending on how high gold goes. I’d say 10x almost guaranteed return in a decade is not bad at all!

They see merchant codes (MCC) from where your crypto goes. Gambling wallets are flagged. Even if you send BTC → casino → back, they know the destination wallet cluster. That’s why some players stick to reviewers like **DashTickets** to find casinos that handle payouts cleanly.

All crypto apart from BTC is garbage anyways
You’re worrying too much to trade

If it makes you feel any better I am 100% in on BTC. No diversification nothing. My retirement fund in Australia we call it superannuation = 401k. Every single dollar I have is directed into BTC. I only got orange pilled in May this year so my gains literally do not exist YET. I will hold and continue to grow with this same 100% all in approach for the next 10-15 years likely and then hopefully retire and fad off into the horizon.

Need help buying bitcoin back has started war on BTC

I could not agree more! I was charged 60% of the amount of BTC I was trying to move off of the platform. The fee was not at all transparent and so you don't realize how much they are going to charge until after the transaction is complete. The bid ask spread is awful when purchasing on the platform giving you the worst possible price at any given entry point to trade. I think this company is a massive scam and they are scraping insane amount of money from the customers that use it. I hope that someone sues and they go out of business. I will never put my money and digital assets into Binance ever again.

CF has a tumultuous history. The Swiss government stepped in and installed members without the community's input. Many of the board members on CF know very little about Cardano and often support other projects.
I recall there was this guy on CF and when he was on a Cardano show, he was promoting BTC and didn't talk about Cardano at all.
Those who have been in Cardano since 2017 have an intense hatred toward the CF board members.

Very serious. You’re just not clueing in the implications of your own thesis playing out.
That’s all. It’s illogical.
We buy it because there’s no second best. As soon as that ceases to be reality, (which in your thesis and world view it will be)
Then it’s over.
It’s a very basic principle that you’re simply not understanding or grasping.
If BTC grows slower than gold or equities over the next 20 years then there is zero reason for anyone to allocate it in their portfolio.

I’m up on BTC up on SUI
down on
DEEP JUP ONDO HBAR
Am I panicking NO, am I going to sell NO
Why because I zoom out, not been in this really long either but long enough to know, what goes down must go up, crypto naturally increases by 5% per year, hold your investments until the market starts pumping then make that decision

I made this jump not that long ago. Trezor Safe 5 and Metal Keep. I did it after reading to umpteenth post on this sub about people getting their accounts frozen/closed or otherwise locked out with terrible customer service on Coinbase.
It does feel great. And it’s really not that hard to do. Now, anytime I accumulate 0.01 BTC or more I transfer it.

If OP didn't use BTC as payment in 2013 it wouldn't be worth what its worth now. OP helped legitimize BTC. Cheers OP. Sucks bout the 350k tho!

Not really.
Still positive for the month and it wouldn’t be a stretch at all to end up being the most positive September BTC has ever had before month end given the [best September BTC has ever had was a mere +7.29%](https://www.coinglass.com/today).

# 1. Current State of the Stablecoin Market
With regulatory frameworks for stablecoins gradually taking shape, stablecoins have in the past year become core infrastructure for both the crypto financial system and cross-border payments. Whether serving retail investors’ trading needs or enabling institutions in clearing, settlement, and compliance pilots, stablecoins increasingly function as “digital dollars.”As of September 2025, the total circulation of stablecoins reached $287 billion, with a highly concentrated market structure. Tether’s USDT holds roughly 59.6% of the market share (over $170.9 billion market cap), followed by Circle’s USDC at 25% ($74.2 billion). Together, the two account for nearly 85% of the market. At the same time, new entrants such as USDe, USDS, USD1, and USDf are rising rapidly into the mainstream.
The expansion of stablecoins has directly benefited underlying blockchains. In the past month alone, there were nearly 626 million stablecoin transfers on-chain, dominated by Ethereum, Tron, Solana, and BNB Chain. On Tron, for example, stablecoin transfers totaled about 69.8 million, with average fees of $0.14–$0.25 per transaction, generating $9.7–17.4 million in monthly fee revenue — all captured by the chain, not the issuer. Over time, this asymmetric value distribution has become increasingly problematic: every stablecoin transfer generates revenue for blockchains, while issuers capture almost none of it. Tron alone earns over $100 million annually from fees linked to USDT, but Tether itself sees no direct benefit.
This imbalance is pushing issuers to launch their own blockchains. Circle released Arc in 2025 with a focus on compliance and payments. Tether introduced Plasma and Stable, while Ethena launched Converge, a hybrid DeFi-compliance chain. Collectively, these moves mark the beginning of a new phase where stablecoins and proprietary blockchains jointly drive the industry, reshaping both value capture and ecosystem design.
# 2. Why Stablecoin Issuers Are Building Their Own Blockchains
The motivation behind issuers launching blockchains is to shift from value dependence to value capture. By controlling infrastructure, they can optimize stablecoin usage, reduce external costs, and open new business models. Key drivers include:
1. Reducing Dependence, Enhancing Capture External blockchains gain from high stablecoin activity, while issuers see little incremental revenue. Proprietary chains allow issuers to retain fees and ecosystem value.
2. Improved User Experience Current systems require ETH, TRX, or other tokens for gas. Dedicated chains enable stablecoin-as-gas, removing the need for users to hold additional tokens.
3. Strengthened Compliance and Institutional Access Proprietary chains can embed compliance tools (AML/KYC, blacklists, audits), lowering barriers for banks and enterprises and improving regulatory alignment.
4. Diversified Business Models Beyond reserve interest, issuers can earn from transaction fees, ecosystem applications, and developer networks. For example, Arc focuses on cross-currency settlement; Stable and Plasma target payments; Converge bridges DeFi with compliance.
# 3. Leading Issuer-Owned Stablecoin Blockchains
**Tether’s Dual Strategy: Plasma and Stable**
Plasma is a Bitcoin sidechain purpose-built for payments, backed by $24M in funding from Bitfinex and Framework, with its governance token XPL valued at around $6.5B in pre-market trading. Its core strength lies in zero-fee USDT transfers, reinforced by EVM compatibility and Bitcoin’s UTXO security model. Plasma also introduces built-in privacy features and enables BTC bridging, unlocking low-slippage swaps and collateralized lending opportunities, making it a unique hybrid of Bitcoin security and Ethereum flexibility.
Stable, by contrast, is an independent Layer 1 payment chain centered on USDT as native gas, offering zero-gas P2P transfers to reduce user friction. It runs on StableBFT consensus with 0.7-second block times and instant finality, with future upgrades planned for DAG-based scalability. Fully EVM-compatible and developer-friendly with SDKs and APIs, Stable also focuses on user experience by supporting card binding, social logins, and readable addresses. Its go-to-market strategy is to leverage free transfers as an adoption driver, gradually expanding into cross-border payments, corporate treasury, DeFi micropayments, and merchant payment networks.
**Arc (Circle)**
Arc, developed by Circle, is a compliance-focused Layer 1 blockchain that uses USDC as its native gas and offers full EVM compatibility. It introduces a Paymaster channel enabling gas fees to be paid with other stablecoins or tokenized fiat, making transactions more flexible for enterprises. Leveraging Circle’s institutional credibility and deep ties to traditional finance, Arc provides a robust suite of tools for tokenizing real-world assets such as real estate and equities, while also supporting enterprise-grade digital payment systems. By embedding regulatory compliance into its infrastructure, Arc lowers the entry barrier for traditional institutions, offering a secure and compliant pathway into blockchain-based finance.
**Converge (Ethena + Securitize)**
Converge, a collaborative project between Ethena and Securitize, is designed as a hybrid DeFi-compliance blockchain optimized for RWA settlement. It achieves sub-100ms block times by integrating Arbitrum and Celestia, ensuring both speed and scalability. On the compliance side, Converge adopts USDe and USDtb (backed by the BUIDL fund) as gas assets, embedding stability and institutional trust directly into the network’s operations. Security is reinforced through a permissioned validator network (CVN) that requires ENA staking and enforces mandatory KYC/KYB, aligning its framework with the stringent requirements of institutional participants.
# 4. Future Outlook
In the long run, issuer-owned blockchains will challenge incumbents like Ethereum and Tron. Their stablecoin-native design — zero-fee transfers, stablecoin gas, compliance features, and institutional settlement tools — offers distinct advantages. The rapid uptake of Plasma’s staking activities underscores market appetite for such models.
That said, Ethereum, Solana, and others will remain central for innovation, complex DeFi, and open ecosystems. The likely near-term outcome is complementary specialization: issuer chains dominate payments and settlements, while general-purpose chains host broader innovation. The largest disruption risk lies with Tron, whose dominance relies heavily on USDT; if Tether migrates activity to Stable, Tron’s core advantage could erode.
Overall, the emergence of issuer-owned stablecoin chains marks a new dual-engine phase for crypto markets — combining stablecoin utility with blockchain infrastructure. This shift could reshape global payment and settlement systems, while simultaneously forcing traditional finance to reconsider its role in the evolving digital economy.
**Risk Disclaimer:**
The information provided herein is for informational purposes only and should not be construed as advice to buy, sell, or hold any financial assets. While the information is presented in good faith, no express or implied representation or warranty is made as to its accuracy, adequacy, validity, reliability, availability, or completeness.
All cryptocurrency investments — including any returns — are inherently speculative and involve a significant risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital assets may rise or fall, and trading, holding, or transacting in such assets may entail substantial risks. You should carefully assess whether such activities are suitable for you based on your individual investment objectives, financial situation, and risk tolerance.BitMart does not provide any investment, legal, or tax advice.

# 1. Current State of the Stablecoin Market
With regulatory frameworks for stablecoins gradually taking shape, stablecoins have in the past year become core infrastructure for both the crypto financial system and cross-border payments. Whether serving retail investors’ trading needs or enabling institutions in clearing, settlement, and compliance pilots, stablecoins increasingly function as “digital dollars.”As of September 2025, the total circulation of stablecoins reached $287 billion, with a highly concentrated market structure. Tether’s USDT holds roughly 59.6% of the market share (over $170.9 billion market cap), followed by Circle’s USDC at 25% ($74.2 billion). Together, the two account for nearly 85% of the market. At the same time, new entrants such as USDe, USDS, USD1, and USDf are rising rapidly into the mainstream.
The expansion of stablecoins has directly benefited underlying blockchains. In the past month alone, there were nearly 626 million stablecoin transfers on-chain, dominated by Ethereum, Tron, Solana, and BNB Chain. On Tron, for example, stablecoin transfers totaled about 69.8 million, with average fees of $0.14–$0.25 per transaction, generating $9.7–17.4 million in monthly fee revenue — all captured by the chain, not the issuer. Over time, this asymmetric value distribution has become increasingly problematic: every stablecoin transfer generates revenue for blockchains, while issuers capture almost none of it. Tron alone earns over $100 million annually from fees linked to USDT, but Tether itself sees no direct benefit.
This imbalance is pushing issuers to launch their own blockchains. Circle released Arc in 2025 with a focus on compliance and payments. Tether introduced Plasma and Stable, while Ethena launched Converge, a hybrid DeFi-compliance chain. Collectively, these moves mark the beginning of a new phase where stablecoins and proprietary blockchains jointly drive the industry, reshaping both value capture and ecosystem design.
# 2. Why Stablecoin Issuers Are Building Their Own Blockchains
The motivation behind issuers launching blockchains is to shift from value dependence to value capture. By controlling infrastructure, they can optimize stablecoin usage, reduce external costs, and open new business models. Key drivers include:
1. Reducing Dependence, Enhancing Capture External blockchains gain from high stablecoin activity, while issuers see little incremental revenue. Proprietary chains allow issuers to retain fees and ecosystem value.
2. Improved User Experience Current systems require ETH, TRX, or other tokens for gas. Dedicated chains enable stablecoin-as-gas, removing the need for users to hold additional tokens.
3. Strengthened Compliance and Institutional Access Proprietary chains can embed compliance tools (AML/KYC, blacklists, audits), lowering barriers for banks and enterprises and improving regulatory alignment.
4. Diversified Business Models Beyond reserve interest, issuers can earn from transaction fees, ecosystem applications, and developer networks. For example, Arc focuses on cross-currency settlement; Stable and Plasma target payments; Converge bridges DeFi with compliance.
# 3. Leading Issuer-Owned Stablecoin Blockchains
**Tether’s Dual Strategy: Plasma and Stable**
Plasma is a Bitcoin sidechain purpose-built for payments, backed by $24M in funding from Bitfinex and Framework, with its governance token XPL valued at around $6.5B in pre-market trading. Its core strength lies in zero-fee USDT transfers, reinforced by EVM compatibility and Bitcoin’s UTXO security model. Plasma also introduces built-in privacy features and enables BTC bridging, unlocking low-slippage swaps and collateralized lending opportunities, making it a unique hybrid of Bitcoin security and Ethereum flexibility.
Stable, by contrast, is an independent Layer 1 payment chain centered on USDT as native gas, offering zero-gas P2P transfers to reduce user friction. It runs on StableBFT consensus with 0.7-second block times and instant finality, with future upgrades planned for DAG-based scalability. Fully EVM-compatible and developer-friendly with SDKs and APIs, Stable also focuses on user experience by supporting card binding, social logins, and readable addresses. Its go-to-market strategy is to leverage free transfers as an adoption driver, gradually expanding into cross-border payments, corporate treasury, DeFi micropayments, and merchant payment networks.
**Arc (Circle)**
Arc, developed by Circle, is a compliance-focused Layer 1 blockchain that uses USDC as its native gas and offers full EVM compatibility. It introduces a Paymaster channel enabling gas fees to be paid with other stablecoins or tokenized fiat, making transactions more flexible for enterprises. Leveraging Circle’s institutional credibility and deep ties to traditional finance, Arc provides a robust suite of tools for tokenizing real-world assets such as real estate and equities, while also supporting enterprise-grade digital payment systems. By embedding regulatory compliance into its infrastructure, Arc lowers the entry barrier for traditional institutions, offering a secure and compliant pathway into blockchain-based finance.
**Converge (Ethena + Securitize)**
Converge, a collaborative project between Ethena and Securitize, is designed as a hybrid DeFi-compliance blockchain optimized for RWA settlement. It achieves sub-100ms block times by integrating Arbitrum and Celestia, ensuring both speed and scalability. On the compliance side, Converge adopts USDe and USDtb (backed by the BUIDL fund) as gas assets, embedding stability and institutional trust directly into the network’s operations. Security is reinforced through a permissioned validator network (CVN) that requires ENA staking and enforces mandatory KYC/KYB, aligning its framework with the stringent requirements of institutional participants.
# 4. Future Outlook
In the long run, issuer-owned blockchains will challenge incumbents like Ethereum and Tron. Their stablecoin-native design — zero-fee transfers, stablecoin gas, compliance features, and institutional settlement tools — offers distinct advantages. The rapid uptake of Plasma’s staking activities underscores market appetite for such models.
That said, Ethereum, Solana, and others will remain central for innovation, complex DeFi, and open ecosystems. The likely near-term outcome is complementary specialization: issuer chains dominate payments and settlements, while general-purpose chains host broader innovation. The largest disruption risk lies with Tron, whose dominance relies heavily on USDT; if Tether migrates activity to Stable, Tron’s core advantage could erode.
Overall, the emergence of issuer-owned stablecoin chains marks a new dual-engine phase for crypto markets — combining stablecoin utility with blockchain infrastructure. This shift could reshape global payment and settlement systems, while simultaneously forcing traditional finance to reconsider its role in the evolving digital economy.
**Risk Disclaimer:**
The information provided herein is for informational purposes only and should not be construed as advice to buy, sell, or hold any financial assets. While the information is presented in good faith, no express or implied representation or warranty is made as to its accuracy, adequacy, validity, reliability, availability, or completeness.
All cryptocurrency investments — including any returns — are inherently speculative and involve a significant risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital assets may rise or fall, and trading, holding, or transacting in such assets may entail substantial risks. You should carefully assess whether such activities are suitable for you based on your individual investment objectives, financial situation, and risk tolerance.BitMart does not provide any investment, legal, or tax advice.

BTC itself was never meant to just be transactional. There are alt coins that Trade off BTC that are very good at transaction processing now for much cheaper than visa or mastercard. Bitcoin is "virtual gold" and is meant to be a store of wealth based on computational power. It also has the benefit of being able to transfer this stored wealth relatively easily compared to wiring funds in a bank. It will continue to be a fantastic and safe way to store wealth for years to come. Most people don't buy it with the plan to sell it anytime soon.

Well, the burden - of - proof is actually on the supporter of BTC, who believes *it will* succeed.
As all evidence currently points toward it not having enough Miner Revenue to remain secure. In future. As the Security Budget is almost entirely from Subsidy. And Subsidy goes away. It decays exponentially. Yeah ?

You’ll undoubtedly agree that it needs massive spikes in Transaction Fees to survive beyond the medium term, yeah ?
Since the decay in Subsidy is programmed. Agree ?
.
So … how will it avoid doom, from a decay in Security ?
There is only one way : Transaction Fees. ***
And since we have no evidence yet of a Fee Market developing, after 16 years,
Then we conclude the BAU (Business As Usual) scenario leads to failure.
Failure Path : Nothing changes.
Success Path : Massive changes.
So, since the BAU case leads to failure, and only a path of Massive Change leads to success,
we can conclude that a prediction of success requires one to describe what those a Massive Changes will be.
Therefore - the burden of proof lies with the person predicting success.

Since forever. You should only keep in hot storage what you’re gonna trade right away. If you’re not trading, there’s no reason to put your BTC at risk. Anything that’s not for immediate moves should always stay in cold storage.
And remember, cold storage doesn’t need a hardware wallet. Honestly, the safest way to keep your crypto is still writing down the seed and storing it somewhere safe. Every extra gadget you throw into the mix is just another attack point for someone trying to get your BTC. Hardware wallets can be hacked too. There’ve even been cases of wallets sold online with compromised firmware. All it takes is one shady dev to put everything you’ve stacked at risk. The BTC creator(s), in all their genius, already nailed it. No need to overcomplicate things.

Every day is a good day to buy some BTC

I have my BTC entirely for my kids now. Eventually I want a similar solution, but currently I feel there are too many point of failures for normal people and I keep it simple for now.

Does anybody know about a bitcoin app that allows me to withdrawal my BTC to cash app??!!