News

According to Odaily, Leon Waidmann posted on X stating that Ethereum is not only a smart contract platform but has also become the settlement layer for global USD liquidity. The Ethereum mainnet processes approximately $9 billion to $10 billion in stablecoin transfers daily, mainly involving USDT and USDC used for payments, financial management, and settlements. These represent real value flows on-chain, rather than DeFi loops or incentive mining. Leon Waidmann pointed out that although other blockchains are growing, large funds still choose to settle on the Ethereum mainnet. Users are willing to pay transaction fees because they value its settlement finality and credibility. Stablecoins bring utility to blockchains, while Ethereum provides reliability for stablecoins.

Odaily reported that U.S. lawmakers have introduced a discussion draft that aims to ease the tax burden on ordinary cryptocurrency users by exempting small stablecoin transactions from capital gains tax. The draft includes a $200 tax exemption for stablecoin payments and introduces new deferral options for staking and mining rewards. According to the draft, if a stablecoin is issued by an issuer approved under the GENIUS Act, is pegged to the U.S. dollar, and its trading price remains within a narrow range around $1, users will not need to recognize gains or losses for transactions not exceeding $200. (Cointelegraph)

BlockBeats News, on December 21, according to monitoring by HyperInsight, the swing whale "pension-usdt.eth", who achieved 16 wins out of 17 contract trades in December, is currently holding 30,000 ETH long positions, valued at 89.33 million US dollars, with an opening price of 2,969.67 US dollars.