tablecoins

The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Chan Mo-po, stated that the potential of financial technology in cross-border trade is immense, and the aim is to address long-standing issues such as slow and costly cross-border payments, as well as to better serve the real economy in the payment sector. One of the four pillars of the "Digital Asset Development Policy Declaration 2.0" published last week is "promoting application scenarios and intersectoral collaboration," which mentions that stablecoins provide a cost-effective alternative outside the traditional financial system and have the potential to drive transformation in payment and capital market activities, including cross-border payments. Legislation on stablecoins will come into effect on August 1 of this year, and the SRA government and financial regulators will strive to create a favorable market environment with necessary regulatory measures to promote the use of stablecoins in various scenarios and help address practical issues faced by businesses and citizens.
#solana #tablecoins

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🇺🇸🤔📊 U.S. Department of the Treasury: The #tablecoins play a crucial role in the intermediation of transactions in digital asset markets: over 80% of all crypto transactions now use a #Stablecoins as one of the legs of the transaction.

In the case of monetary assets, the analogue to stablecoin would be money market funds.

Hey everyone. Tether just printed an additional 2 billion USDT. Please refer to this and find the right direction for your investment #Crypto . Everyone, follow me. Help me support so I have the motivation to post news. #tablecoins There are 5 popular types: $USDT, $USDC $USD1 $USDP , and USTC. When one goes down, another goes up. Do you understand what I mean???? Wishing everyone successful investments.