Odaily Planet Daily reports that Latin American e-commerce giant Mercado Libre has announced the closure of its proprietary cryptocurrency token, Mercado Coin, ending a nearly four-year-long user incentive experiment. Starting April 17th, users will no longer be able to buy, sell, or obtain Mercado Coin through cashback programs; the token's core function within the platform has officially ceased. However, users can still choose to sell their tokens, use them for shopping discounts, or wait for the system to automatically convert them into local fiat currency. Mercado Coin was launched in Brazil in 2022, based on the Ethereum ERC-20 standard, initially used to reward spending on the platform, managed through the Mercado Pago wallet, and supported in circulation through a partnership with the exchange Ripio. This closure reflects a reassessment by large tech companies of the viability and long-term value of their own proprietary crypto assets (branded tokens). Despite this, Mercado Libre retains other crypto-related businesses, including stablecoin transfers, token trading, and holds over $38 million worth of Bitcoin on its balance sheet. Industry insiders believe this move signifies a cooling down of the "platform token" model, while more universal stablecoins and infrastructure products are becoming the mainstream.

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Odaily Planet Daily reports that Federal Reserve Governor Michael Barr stated that the development of stablecoins needs to be built on strict regulation, warning that a lack of effective constraints could repeat the "long history of problems caused by private currencies." In his speech, Barr pointed out that while the GENIUS Stablecoin Act has provided an initial regulatory framework for the industry, the key lies in subsequent implementation, including continuous monitoring of reserve assets and mechanisms to prevent illicit use. He emphasized that stablecoins can only be truly considered "stable" if they can be repaid at face value under various market conditions. The liquidity and security of reserve assets are particularly critical when market pressures or increased risks to the issuer itself intensify. Furthermore, Barr pointed out that stablecoin issuers have an incentive to increase profits through higher yields, which could lead them to take on higher risks in reserve asset management, thus posing a potential threat to financial stability. Currently, stablecoin regulation remains one of the major points of contention in US crypto legislation, and has also affected the progress of related legislation to some extent.

Odaily Planet Daily reports that investment bank Benchmark has initiated coverage of tokenization infrastructure platform Securitize with a "Buy" rating and a $16 price target, positioning it as a "picks and shovels" opportunity in the tokenization wave. The analysis points out that Securitize's business model revolves around the entire lifecycle of tokenized assets, covering issuance, trading, and services, enabling it to generate continuous revenue as the industry scales, without relying on the success of a single asset or product. Benchmark believes that tokenization is one of the most profound changes in capital markets since electronic trading, and Securitize is at the heart of this trend. Currently, the company holds approximately 70% of the US tokenization market share and partners with large asset management institutions such as BlackRock, with its BUIDL fund totaling approximately $1.7 billion. Securitize plans to go public through a merger with Cantor Equity Partners II, and is expected to trade on Nasdaq under the ticker symbol SECZ. The analysis also points out that despite strong industry momentum, the further adoption of tokenization still depends on continued clarity in the regulatory environment.

Odaily Planet Daily reported on April 1st that Federal Reserve Chairman Schmid warned on Tuesday that rising energy prices should not be assumed to have only a short-term impact on inflation, as inflation was already close to 3% even before the Iran war caused oil prices to surge, and the Fed's progress toward its 2% inflation target has stalled. Schmid stated, "I don't think we can be complacent about the risks to inflation expectations." He also pointed out that while most measures of medium- to long-term inflation expectations have remained stable, this does not offer much comfort. "Our task now is to take appropriate policy action to confirm these expectations." Schmid did not specify what particular policy measures he was referring to, but he opposed the Fed's decision to lower interest rates twice last year. Last week, financial markets reflected a growing belief among investors that rising oil prices might force the Fed to raise interest rates later this year to prevent inflation. However, this week, market sentiment has shifted to the view that the Fed will maintain interest rates.