Potential Financial Tsunami After the Launch of the Stablecoin Bill

Zhu Weisha 00:13

Authors: Zhu Weisha, Wang Yuxiao

Stablecoin is a hot topic, referring to a type of cryptocurrency backed by secure financial assets, pegged to the value of fiat currency. It is the most practical application for cryptocurrencies to break into the mainstream, marking the beginning of financial transformation. As a key tool connecting traditional finance with the crypto ecosystem, the introduction of the U.S. 'Genius Bill' and Hong Kong's 'Stablecoin Regulation' signifies that the global financial system is beginning to regulate this emerging field.

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