The new regulations on stablecoin supervision are quite strict! Real-name registration is being implemented along with enhanced oversight. For amounts over 10 million, not only is bank approval required, but a 20% tax will also be levied.


The global attention on stablecoins is growing. The United States aims to tie stablecoins to the dollar through the "Genius Act" to solidify the dollar's position. Hong Kong has also introduced the "Stablecoin Regulation Draft." Stablecoins are different from Bitcoin; while Bitcoin's price fluctuates like a roller coaster, stablecoins are pegged to the dollar, gold, and other assets, resulting in smaller price fluctuations. They can be used as money in the crypto world, with USDT holding a 60% market share and maintaining an exchange rate of 1 USDT = 1 dollar. This new regulation may help standardize the market, but it poses significant pressure for some large capital players.
BTC0.06%
ETH1.71%
PI-0.39%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)