Taking into account the EU’s decades of experience in the field of electronic money and the improvements brought by other countries, effective stablecoin regulation should be built around three pillars: the granting of non-bank licenses, direct access to central bank accounts, and bankruptcy protection for backing assets.
JinseFinanceI think maintaining the Ethena exchange rate will be more complicated and challenging.
JinseFinanceCoinShares analysts believe that 2024 will be a “pivotal” year for Bitcoin in the stablecoin space, with a successful project even rivaling the “speed and cost” of modern stablecoins.
JinseFinanceHong Kong's rigorous stablecoin regulations challenge global digital currency norms, setting a new benchmark in virtual asset governance.
AlexStablecoins gain prominence in 2023, with global regulatory efforts and market growth highlighting their evolving financial impact.
AlexLicensed platforms in Hong Kong are currently limited to facilitating the trading of Bitcoin (BTC) and Ethereum (ETH).
Davin
CointelegraphSpoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
CointelegraphThe U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers.
CointelegraphThe paradigm shift of stablecoins from centralization to decentralization will happen subtly rather than rapidly.
Cointelegraph