CMSPI - State of the Industry Report - 2025

ENDNOTES 7

682 683 684 685 686

Satoshi Nakamoto publishes a paper introducing Bitcoin | History

The Genius Block: The First Bitcoin Block | Nasdaq

How To Think About Stablecoins | Fintech Takes

The History of Stablecoins | Deltec Bank

Why use Tether? | Tether

687

Crypto Market Overview | CoinMarketCap Crypto Market Overview | CoinMarketCap

688

689 Crypto Singapore dollar aims to diversity landscape dominated by USD | Cointelegraph 690 Bringing you Euro as a Service | EURS 691 Stablecoin Brief: cNGN Could Intensify Payment Competition in Nigeria | S&P Global 692 JPYC | JPYC, Inc 693 Tether | CoinMarketCap 694 USDC | CoinMarketCap 695 XSGD | CoinMarketCap 696 STATSIS EURO | CoinMarketCap 697 Tether | CoinMarketCap 698 USDC | CoinMarketCap 699 XSGD | CoinMarketCap 700 STATSIS EURO | CoinMarketCap 701 JPY Coin | CoinMarketCap 702 Transparency | Tether 703 Reserves Composition | Circle 704 Transparency | EURS 705 Frequently Asked Questions | cNGN 706 What are Tether tokens and how do they work? | Tether 707 The world’s largest regulated stablecoin powering global finance | Circle 708 Introducing XSGD: Singapore’s first stablecoin | StraitsX

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