In a groundbreaking report titled The On-Chain Extension of the Dollar, HTX Ventures, the global investment arm of the leading crypto exchange HTX, has highlighted the transformative potential of stablecoins in reshaping the global financial landscape. Released on June 17, 2025, the report explores how stablecoins are emerging as a critical component of a new dollar infrastructure for seamless international payments.
Stablecoins, digital assets pegged to fiat currencies like the US dollar, are positioned as on-chain dollars that bridge traditional finance with the digital economy. According to HTX Ventures, these assets offer unparalleled speed, transparency, and cost-efficiency compared to conventional payment systems, making them a game-changer for cross-border transactions.
The report also delves into the evolving regulatory landscape surrounding stablecoins. While mature markets like the US and EU focus on compliance, capital adequacy, and reserve transparency, Asian jurisdictions are adopting hybrid approaches to balance innovation with oversight. HTX Ventures emphasizes that regulatory certainty and technological neutrality will be pivotal in determining whether stablecoins can fully realize their potential as a digital dollar infrastructure.
As part of its commitment to advancing this ecosystem, HTX Exchange has expanded its stablecoin offerings since May 2025, listing six new stablecoins including USD1, EURR, and AETHUSDT. This move underscores HTX's strategy to strengthen its position in the global crypto market and accelerate the adoption of stablecoins for payments.
HTX Ventures also calls for cross-border regulatory harmonization to unlock the full potential of stablecoins in global finance. Without coordinated policies, fragmented regulations could hinder the scalability of this technology, limiting its impact on international trade and remittances.
This report marks a significant step in understanding how stablecoins could redefine financial systems worldwide. As the digital economy continues to grow, HTX Ventures remains at the forefront of exploring innovative solutions that bridge traditional and decentralized finance.
Andrew Lee
