稳定币风暴
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The "Stablecoin Double Storm Eye" Between Hong Kong and the Mainland
In recent days, everyone should have seen the discussions about "Hong Kong plans to delist USDT, and the Mainland's zero-tolerance policy on stablecoins":
On one side, the Mainland has cracked down on over 300 stablecoin-related cases from January to October, intercepting more than 12,000 suspicious transactions, essentially sealing off the channel for using stablecoins for cross-border money laundering;
On the other side, Hong Kong is considering gradually replacing the existing USDT under a locally licensed stablecoin framework, shifting towards a more easily regulated issuance model.
Despite being stablecoins, their fates are completely different in different regions:
Some see it as payment infrastructure, while others view it as a financial security risk.
This game over "who gets to define money" is far from over.
#稳定币风暴
In recent days, everyone should have seen the discussions about "Hong Kong plans to delist USDT, and the Mainland's zero-tolerance policy on stablecoins":
On one side, the Mainland has cracked down on over 300 stablecoin-related cases from January to October, intercepting more than 12,000 suspicious transactions, essentially sealing off the channel for using stablecoins for cross-border money laundering;
On the other side, Hong Kong is considering gradually replacing the existing USDT under a locally licensed stablecoin framework, shifting towards a more easily regulated issuance model.
Despite being stablecoins, their fates are completely different in different regions:
Some see it as payment infrastructure, while others view it as a financial security risk.
This game over "who gets to define money" is far from over.
#稳定币风暴
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