Chinese Stablecoin Strategy: Between Control and Ambition
Hong Kong leads China's stablecoin experiment between global ambitions and regulatory control.
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
48 PostsHong Kong leads China's stablecoin experiment between global ambitions and regulatory control.
BlackRock sees stablecoins as the future of finance after the GENIUS law passed in the US.
Euro stablecoins are growing rapidly and approaching a capitalisation of $100 billion.
Western Union enters the crypto sector: stablecoins, digital wallets and blockchain services on the way.
Paxos launches USDG, the first MiCA-regulated stablecoin, marked by transparency, FMA licensing and full compliance with EU regulations.
Standard Chartered launches spot trading of Bitcoin and Ethereum, but investors' attention quickly shifts to stablecoins.
The Governor of the Bank of England harshly criticises stablecoins, widening the gap with the favourable approach of the US.
Major South Korean banks launch a stablecoin pegged to the won to counter the growth of foreign stable currencies.
The ruble-linked A7A5 stablecoin moved $9.3 billion in just four months, raising questions about possible links to Russian sanctions and exchanges.
After the closure of Huione by Telegram, new Dark Web platforms such as Tudou Guarantee recorded billions of dollars in transactions.
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