The global stablecoin regulatory framework is accelerating its construction, with Hong Kong and the United States leading in institutional innovation.

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Stablecoins, as a key infrastructure of the digital asset market, are breaking through the boundaries of the on-chain ecosystem and deeply integrating into the TradFi system and the real economy. However, stablecoins also face intrinsic risks and external risks, which is why global regulatory agencies are accelerating the construction of a systematic regulatory framework.

Currently, Hong Kong and the United States have established relatively comprehensive regulatory frameworks for stablecoins. Hong Kong issued the "Stablecoin Ordinance" in December 2024, which clarifies the definition of stablecoins, regulated activities, issuer entry requirements, reserve asset management, and establishes a "stablecoin sandbox" mechanism. The United States, on the other hand, has constructed a parallel regulatory system at both federal and state levels through the "GENIUS Act" and the "STABLE Act," making specific provisions regarding the definition of stablecoins, issuer qualifications, reserve assets, and more.

The regulatory frameworks in both locations revolve around three directions: issuer access, currency stability mechanisms, and compliance in circulation.

  1. Set entry barriers for issuers, requiring them to have sufficient capital strength and risk management capabilities.

  2. Require issuers to maintain sufficient reserve assets and regularly disclose reserve status.

  3. Strengthen anti-money laundering and KYC mechanisms to prevent stablecoins from being used for illegal activities.

Web3 Lawyer's Depth Analysis: Where are the Key Points of Stablecoin Regulation? What are the Differences in the Stablecoin Regulatory Frameworks of the US and Hong Kong?

With the continuous improvement of the regulatory framework, the stablecoin industry will enter a new stage of balanced development between standardization and innovation. This requires issuers to enhance their compliance capabilities and provides institutional space for exploring new business models. In the future, stablecoins will play a more important role in the global financial system, becoming an important tool for countries to maintain financial sovereignty.

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degenonymousvip
· 20h ago
Hong Kong yyds
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GasFeeCriervip
· 20h ago
Regulation is coming~ Hurry up
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MissedAirdropAgainvip
· 07-09 06:04
Airdrop has nothing to do with me?
View OriginalReply0
WhaleWatchervip
· 07-09 06:02
It's not good to be too strict.
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ContractTestervip
· 07-09 06:02
If the regulation doesn't come, it's gg.
View OriginalReply0
SmartContractRebelvip
· 07-09 05:48
Want to regulate while also wanting to make money.
View OriginalReply0
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