Stablecoins

Stablecoins are digital assets pegged to a stable reserve, such as the US Dollar or Gold, to minimize price volatility. Serving as the primary medium of exchange in Web3, tokens like USDT, USDC, and PYUSD facilitate global payments and DeFi liquidity. In 2026, the focus has shifted toward yield-bearing stablecoins and compliant stablecoin frameworks under global regulations like MiCA. This tag covers the intersection of traditional finance (TradFi) and crypto through stable on-chain liquidity solutions.

23391 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Ethereum doesn’t need another upgrade, it needs a PR team | Opinion

Ethereum doesn’t need another upgrade, it needs a PR team | Opinion

Ethereum is becoming a lifeline for many, solving real-world problems. It deserves a voice that can carry beyond the echo chamber.

Author: Crypto.news
Interview | WAX and Tether co-founder on the impact of the GENIUS Act on the tokenization of the global financial markets

Interview | WAX and Tether co-founder on the impact of the GENIUS Act on the tokenization of the global financial markets

This is a follow-up interview to a three-part series of interviews with William Quigley, a crypto investor and co-founder of WAX and Tether.

Author: Crypto.news
Sources: JD.com and Ant may not appear on the first batch of Hong Kong stablecoin licenses

Sources: JD.com and Ant may not appear on the first batch of Hong Kong stablecoin licenses

PANews reported on August 3rd that according to Caixin, sources close to applicants for Hong Kong stablecoin licenses stated that the enthusiasm for stablecoins in Hong Kong will subside as

Author: PANews
Insider: my country does not yet have a globally influential public chain. It is recommended that central state-owned enterprises take the lead in building a national public chain.

Insider: my country does not yet have a globally influential public chain. It is recommended that central state-owned enterprises take the lead in building a national public chain.

PANews reported on August 3rd that according to Caixin, an insider stated in an interview regarding stablecoins that my country currently lacks a globally influential public blockchain. Another insider suggested

Author: PANews
Hong Kong Stablecoin Ordinance Takes Effect, Why Do Concept Stocks Fall Collectively?

Hong Kong Stablecoin Ordinance Takes Effect, Why Do Concept Stocks Fall Collectively?

Written by Caijing reporter Tang Jun Kang Kai On the first day that the Hong Kong Stablecoin Ordinance came into effect, the capital market, which had been bustling for nearly

Author: PANews
Hong Kong Monetary Authority: Beware of fake stablecoin licensing scams. Holders of unregulated stablecoins bear their own risks.

Hong Kong Monetary Authority: Beware of fake stablecoin licensing scams. Holders of unregulated stablecoins bear their own risks.

PANews reported on August 2nd that the Hong Kong Monetary Authority (HKMA) issued an official security alert, warning against fraudulent stablecoin licensing schemes. The Hong Kong Stablecoin Ordinance officially came

Author: PANews
Caixin: Hong Kong may narrow the scope of its first batch of stablecoin licenses to three or four

Caixin: Hong Kong may narrow the scope of its first batch of stablecoin licenses to three or four

PANews reported on August 2nd that according to Caixin, Hong Kong may narrow the scope of its initial stablecoin licenses to three or four companies. The Hong Kong Monetary Authority

Author: PANews
Hong Kong's stablecoins enter the compliance era: competition for licenses and exploration of scenarios

Hong Kong's stablecoins enter the compliance era: competition for licenses and exploration of scenarios

PANews reported on August 2nd that according to Jiemian News, with the Stablecoin Ordinance officially taking effect on August 1st, Hong Kong has entered an era of stablecoin compliance, with

Author: PANews
Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force

Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force

Key Takeaways: Hong Kong’s licensing regime could allow HKD- and CNY-pegged stablecoins to compete in Asian settlement markets dominated by the USD. Regulatory clarity may encourage institutional entry, but smaller firms could face high compliance costs under the new framework. Non‑USD stablecoin initiatives could test whether regional demand supports alternatives to dollar-backed assets in practical financial operations. Hong Kong’s Stablecoin Bill officially took effect on August 1, establishing a licensing regime for fiat‑referenced stablecoin issuers. Under the new Ordinance, any entity issuing fiat‑referenced stablecoins in Hong Kong—or abroad if pegged to the Hong Kong dollar—must obtain a license from the Hong Kong Monetary Authority. Hong Kong Among First Regions to Regulate Stablecoins According to a recent report , issuers are required to maintain proper reserve asset management, segregate client assets, operate stabilization mechanisms, and honor redemption requests at par value under reasonable conditions. The law also mandates compliance with anti‑money laundering and counter‑terrorist financing standards, risk management protocols, disclosure rules, audits, and fit‑and‑proper criteria. The Monetary Authority said it will conduct further consultations on detailed requirements in the future. Only designated licensed institutions may sell fiat‑referenced stablecoins in Hong Kong, and retail investors are limited to those issued by licensed providers. To combat fraud, advertising for unlicensed stablecoin issuance is prohibited, including during the six‑month non‑contravention period. Non-USD Options Emerge in Alternative Markets The Ordinance passed by the Legislative Council in May now places Hong Kong among the first global financial hubs with a dedicated licensing system for fiat‑referenced stablecoins. By enforcing strict reserve and redemption rules, the framework seeks to reduce systemic risks and protect retail participants. Green fintech is reshaping finance for a sustainable future. As climate action and ESG integration take centre stage globally, this powerful fusion of finance and technology is driving real change. pic.twitter.com/gadX2UN2ny — HKMA 香港金融管理局 (@hkmagovhk) July 30, 2025 Institutional adoption may increase under the regime, as regulatory clarity often attracts larger financial players. However, compliance costs could limit participation from smaller firms, potentially concentrating the market among major issuers. The law also positions Hong Kong to compete with jurisdictions like the U.S. and Singapore, where stablecoin frameworks are advancing. International alignment may prove key in drawing cross‑border capital and facilitating regulatory cooperation. With the U.S. dollar-based stablecoins taking the lead in the global market, products like the HKD stablecoins and offshore CNY stablecoins are exploring opportunities to break out of the USD dominance in regional markets. If successful, the launch of non-USD stablecoins could offer a widely accepted alternative to mainstream settlement measures. Frequently Asked Questions (FAQs) Will the licensing regime impact stablecoin transaction fees in Hong Kong? By enforcing reserve and compliance requirements, issuers may face higher operational costs, which could influence transaction fees for users. What protections exist if a licensed stablecoin issuer fails? The reserve segregation and redemption rules are designed to ensure holders can redeem at par value even if the issuer collapses. Could banks in Hong Kong play a role in issuing licensed stablecoins? Yes. The framework opens a pathway for traditional financial institutions to issue fiat‑referenced stablecoins under strict regulatory oversight.

Author: CryptoNews
Crypto enters August with louder questions about where the money flows next

Crypto enters August with louder questions about where the money flows next

Can crypto sustain momentum in August as macro risks, token unlocks, and investor preferences decide how and where money moves? Fed expectations drive crypto liquidity In August 2025, global crypto markets are heading into a period of close observation, with…

Author: Crypto.news