The battleground: stablecoins
Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.
Explore the current state of stablecoin regulation in Japan and analyze the potential impact of yen-backed stablecoins.
Following the spot ETFs of Bitcoin and Ethereum, stablecoins based on Hong Kong dollars have also been put on the agenda.
Stablecoins have the potential to reshape the global financial system and subject the banking and finance industries to new digital competition.
With the popularity of stablecoins, their security and compliance, especially anti-money laundering (AML) issues, have become core issues in the development of the industry.
The report will deeply explore the definition of stablecoins and their main models, analyze the current market landscape and competitive situation, and focus on the operating principles, advantages and disadvantages of fiat currency-collateralized, crypto asset-collateralized and algorithmic stablecoins, as well as the performance of stablecoins in the market.
Licensed platforms in Hong Kong are currently limited to facilitating the trading of Bitcoin (BTC) and Ethereum (ETH).
A recent proposal put forward by academics aims to create a Hong Kong Dollar (HKD) stablecoin that would compete with popular USD-denominated stablecoins such as Tether (USDT) and Circle (USDC).
A new breed of app-specific stablecoins could be just what DeFi needs.
How will this $150 billion industry evolve?