October 16, 2025
We took a step back approaching Q4 to rethink how we're serving you (and to give the newsletter a new look).
The daily format was creating information overload, so we're shifting to weekly updates.
Stabledash was created to cut through the noise and surface what actually matters in stablecoin ecosystem, this newsletter will do the same.
Moving forward, this weekly newsletter will be your central hub for everything we're covering: Stableminded episodes, Stabledash Live sessions, original articles and analysis from our contributors, and the most important industry news you need to track.
Each week, you'll get a clear snapshot of the stories driving how money moves onchain, keeping you off the timeline and dialed into what's happening.
This week we cover:
How Mesh Builds the Connectivity Layer for Stablecoins
The Ethena USDe “Depeg”
The New Standard for Stablecoin Transparency
Curve Founder Bets on Slow Growth With Yield Basis
Plus: Agora launches on Monad; Citi backs BVNK; PYUSD’s $300T min-burn and more
Have a story we should cover or have a project to share? Reply to this email. We're building our editorial calendar with input from builders, investors, and operators like you.
What to Watch
Mesh Builds the Connectivity Layer for a Fragmented Digital Economy
Filmed at the Stablecoin Conference LATAM 2025 presented by Bitso business, Naveen breaks down how Mesh is turning stablecoin fragmentation into opportunity.
Key takeaways:
Universal stablecoin adapter – Mesh connects wallets, exchanges, and payment providers across multiple chains, handling all the asset conversions and transfers in the background
$82M Series B from Paradigm and PayPal Ventures – Built by a team that previously aggregated traditional finance data, now solving crypto's integration chaos with API-driven infrastructure
Following the volume – Stablecoin transactions hit $27.6 trillion in 2024, already surpassing Visa, with projections reaching $1.1 trillion in market cap by 2035
End-to-end orchestration – Platforms can now settle in any currency from any source, removing the biggest barrier for fintech firms building compliant payment rails
This Week’s Top Story
Click to read
Unpacking the Binance-specific flash crash that briefly drove USDe to $0.65 during crypto’s biggest liquidation cascade in history. We explore how exchange-level oracle failures - not protocol risk caused the plunge, why USDe’s delta-hedged model held up under stress, and how Binance’s $283M compensation plan turned a panic into a systemic lesson on CeFi fragility.
Other Stories
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New on Stabledash
The New Standard for Stablecoin Transparency
EY’s Kevin Fitzgerald breaks down how the AICPA’s new stablecoin reporting framework could redefine what “backed 1:1” really means. He covers how these auditor-grade criteria standardize disclosure of token supply, redemption assets, and reserve reconciliation — giving issuers a credible path toward institutional trust.
Curve Founder Bets on Slow Growth With Yield Basis
Stabled Up by The Rollup explores why Curve’s founder launched his new real-yield product with a 50× oversubscription cap and why that restraint may redefine success in DeFi.
They dive into Egorov’s philosophy of risk-managed launches, how Yield Basis extends Curve’s crvUSD ecosystem, and what the surge of stablecoin liquidity means for builders focused on security, sustainability, and composability.
Wrap Up
You can dive deeper into all of these stories and more on Stabledash, your single place to navigate the stablecoin industry online.
In the coming weeks, we'll be rolling out more analytics, our next drop of videos recapping Stablecoin Conference LATAM 2025, Season 6 of Stableminded powered by Rain, and the relaunch of Stabledash Live.
We'll be here every step of the way to help you understand the shifts, the risks, and the opportunities ahead.
Until next time,
Stay stable