#稳定币监管风暴 Recently, a global regulatory storm for stablecoins has emerged. The United States has passed the 'GENIUS Act', and Hong Kong has implemented the 'Stablecoin Ordinance'. Behind this is the financial risk concern brought about by the expansion of stablecoin scale. Although stablecoins have advantages such as efficiency in cross-border payments, they also face challenges like regulatory difficulties and the potential for financial risks. This regulatory storm is a necessary move to standardize the industry, prevent risks, and allow stablecoins to develop healthily within a compliance framework.