Research
Stablewatch Memo #1
AI infrastructure spending is reshaping credit markets. How collateralized lending, DeFi rails, and asset-based finance are closing a multi-trillion-dollar funding gap.
Research
Research
Yield-Bearing Stablecoin Landscape Report
This article is part of the Redstone “Yield Bearing Assets & Stablecoins Report 2025”, where Stablewatch is a co-author. The architecture of the digital asset economy is on the cusp of a fundamental transformation, catalyzed by the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. A landmark
Research
x402 and the Architecture of an Autonomous Economy
AI's Value Bypass The proliferation of generative AI has introduced a systemic inefficiency into the digital economy. It arises not from a flaw, but from a fundamental architectural incompatibility between how autonomous agents consume information and how the web has historically monetized its creation. The result is the
Research
GPU-Backed Credit: How USD.AI Channels Onchain Capital for AI Compute Financing
Executive Summary The USD.AI protocol marks a significant architectural evolution in decentralized finance, establishing the "InfraFi" paradigm to bridge onchain liquidity with the capital-intensive world of artificial intelligence compute. Its design is a direct response to a dual-sided market needs: the AI industry’s insatiable requirement for
Research
The Crypto Payment Card Market: An In-Depth Analysis of its Role in Bridging Digital Assets and Global Commerce
Explore how crypto payment cards bridge digital assets and global commerce, using stablecoins, custodial vs non-custodial models, and fintech.
Research
Stablecoin Infrastructure Wars
This article was written in collaboration with @Castle_Labs. Written by Gleb and Atomist. Abstract Stablecoins are dominating headlines throughout 2025. This leaves us wondering, which blockchain network will house and facilitate this asset class? As tokenised dollars continue to be increasingly accepted and regulated, five upcoming Layer 1 blockchains
Research
Stablecoins and the New Global Financial Rails
This research was possible thanks to our Strategic Partner - Plasma The global financial system currently runs on decades-old infrastructure, sustaining frictions that act as a tax on economic activity - a problem particularly prevalent in the emerging markets. In response, new financial rails are organically emerging on public blockchains,