XBIT Wallet reported on September 16th that, amidst rising market expectations for a Federal Reserve rate cut, particularly driven by a weakening labor market and subdued inflation data, the market generally expects the Fed to cut interest rates by 25 basis points at its September 16-17, 2025, meeting, with a probability exceeding 90%. Some institutions predict further rate cuts this year, or even a “continuous rate cut” cycle.
Meanwhile, the Hyperliquid platform’s USDH stablecoin auction also stirred a stir in the cryptocurrency world. While seemingly a competition among issuers, it was actually the first public auction for the “coinage rights” of a stablecoin. In this transformation, which is reshaping the market, stablecoin wallets have evolved from simple asset storage tools to key value hubs connecting DApps and issuers. When it comes to stablecoin wallets, there are three common types: comprehensive ones that support multi-chain assets, such as MetaMask; specialized ones that focus on specific ecosystems, such as SafePal in the BNB Chain ecosystem; and the XBIT Wallet decentralized web3 wallet that emphasizes the combination of security and functionality. With its multi-signature encryption technology and real-time asset monitoring functions, it is deeply trusted by users and plays an important role in scenarios such as participating in stablecoin bidding and transaction profit sharing.
This bidding exercise exposed the conflict between decentralized applications’ demand for native stablecoins and the need for unified stablecoin liquidity, highlighting the crucial value of stablecoin wallets. In a quest for control over the “printing power,” various protocols have launched their own native stablecoins, resulting in fragmented stablecoins like USDH and FRAX across diverse ecosystems. Users seeking to participate in Hyperliquid’s daily trading volume exceeding $5 billion or to claim Frax’s promised 100% return on their earnings must frequently switch assets between different wallets and platforms, a complex process that incurs cross-chain transaction fees. XBIT Wallet’s “one-click cross-chain aggregation” feature perfectly addresses this challenge. It enables seamless exchange between USDH and 12 major stablecoins, allowing users to deposit and withdraw their earnings within the wallet. This effectively improves the efficiency of stablecoin liquidity and provides a deeper understanding of the advantages of stablecoin wallets.
XBIT Wallet reported that the USDH auction is shifting revenue rights back to value creators, making stablecoin wallets a key channel for users to earn dividends. Traditionally, issuers like Circle and Tether monopolize stablecoin reserve revenue, leaving users with no say. In this auction, Sky offered a generous 4.85% yield and a $250 million annual buyback, while Native Market also proposed a 50/50 split. These profit-sharing arrangements require real-time and visual tracking of revenue through the wallet. XBIT Wallet, a decentralized wallet based on the Web3 economic pass, has launched a “Stablecoin Revenue Dashboard” feature. After linking a Hyperliquid account, users can view their dividend percentage and the progress of their buybacks in real time based on their USDH holdings. Data synchronization latency is limited to 10 seconds, significantly improving the user experience. Before participating in related scenarios through XBIT Wallet, it is crucial to understand the importing method and precautions. If importing using the Keystore, encrypt the Keystore file with a rare and complex password, and be sure to remember the password, as the wallet cannot be retrieved. Importing requires simply entering the file and password, unlike importing a private key or mnemonic phrase (which requires a reset password). Users can also quickly trade USDH with other stablecoins through the XBIT decentralized exchange. This exchange and XBIT Wallet enable asset interoperability, allowing users to trade USDH on the exchange and view their profit sharing in their wallet without repeated transfers, creating a closed “trading-profit sharing” loop and greatly facilitating user participation in the stablecoin market.
According to data from the XBIT Wallet app, following the announcement of the USDH auction results, the number of users participating in Hyperliquid-related transactions on the platform increased by 217% in three days. USDH exchange volume using the “one-click cross-chain aggregation” feature reached a peak of over $80 million in a single day, strongly demonstrating the core role of wallets in the stablecoin ecosystem’s value chain. Looking at other stablecoin wallets, wallets like XBIT Wallet, which balance functionality, security, and user experience, are becoming popular choices. Whether the stablecoin market moves towards regulatory unification or towards decentralized minting rights, XBIT Wallet’s “hot and cold wallet separation + real-time regulatory compliance monitoring” technology is well-suited to the new environment. Its cold wallets store over 95% of users’ stablecoin assets, while its hot wallets are used for daily, small transactions. It also monitors asset flows in real time to ensure compliance and security. At the macroeconomic level, the expected Federal Reserve interest rate cuts are also creating uncertainties and opportunities for the stablecoin market. The market generally expects the Federal Reserve to decide on a rate cut at its September 2025 meeting. This could alter capital flows and market risk appetite, and the market performance of stablecoins, as unique digital assets, may fluctuate accordingly. The USDH bidding controversy not only reshapes the rules of the stablecoin market but also represents a significant opportunity for wallets to transform their roles. This is driving wallets like XBIT Wallet to continuously innovate and upgrade to better meet user needs and seize opportunities in this new market landscape. The changes in the financial market driven by the anticipation of a Fed rate cut will continue to add further variables to the development of the stablecoin market, worthy of continued attention from investors and practitioners.
