Due to Geopolitical Tensions, Dubai Stablecoin Demand Surges, with USDC Minting Over 2.3 Billion in the Past Week

**SEC Chair Paul Atkins on DLT, T+0 Settlement, and Regulatory Alignment** On March 12, during an appearance on the *All-In Podcast*, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins noted: “From my view, Distributed Ledger Technology (DLT) holds significant potential benefits for financial services—and we’re at a critical juncture to achieve T+0 settlement: almost real-time delivery-versus-payment, even with on-chain digital assets. This is very exciting. To mitigate fraud risks, we may need to implement ‘speed bumps.’” Challenges remain, including liquidity issues. One open question: How does the “best bid and offer” concept apply in this new system? **Core Principle**: If an asset is fundamentally a security, tokenization does not change that—federal securities laws still apply. But regulators must ensure rules align with new practical use cases. As trading purposes and settlement methods evolve, we need corresponding framework adjustments to fit the tech e

March 12th — Per LookOnChain monitoring data, a whale deposited an additional 4 million USDC into Hyperliquid 45 minutes ago to continue shorting crude oil. As of now, the whale holds roughly $35 million in short positions across xyz:CL (WTI crude mapping contract) and xyz:BRENTOIL (Brent crude mapping contract), with an unrealized loss of ~$1.87 million to date.

March 12: Per LookOnChain monitoring, Tether has minted an additional 1 billion USDT on the Tron network — the transaction occurred 6 hours prior to the report.

Tether minted another 1B $USDT on #Tron 6 hours ago. The circulating supply of $USDT on #Tron has reached 85.3B, far more than on #Ethereum.

March 12 – Iran’s newly appointed Supreme Leader Ebrahim Raisi has not yet made a public appearance, sparking widespread global speculation about a possible serious injury. Amid the rumors, the son of Iran’s president and other senior relatives issued an urgent clarification, insisting the new leader is “safe and sound.” A Raisi relative told the Financial Times: “He’s in good health and still busy with work. For security and political reasons, he’s chosen not to make any public appearances for now. This also creates uncertainty for opponents, keeping them from getting accurate info about him. Let them keep speculating.” An expert meeting did not confirm whether Raisi was present, nor did it provide details on the voting process. (FX678)

March 12: Onchain Lens data shows FTX/Alameda unlocked 197,637 SOL nine hours ago, valued at ~$17.07 million.