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.
JinseFinanceStablecoin, stablecoin is national defense technology Golden Finance, the future currency will be more digital rather than physical.
JinseFinanceThe 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.
JinseFinanceTaking into account the EU’s decades of experience in the field of electronic money and the improvements brought by other countries, effective stablecoin regulation should be built around three pillars: the granting of non-bank licenses, direct access to central bank accounts, and bankruptcy protection for backing assets.
JinseFinanceI think maintaining the Ethena exchange rate will be more complicated and challenging.
JinseFinanceCoinShares analysts believe that 2024 will be a “pivotal” year for Bitcoin in the stablecoin space, with a successful project even rivaling the “speed and cost” of modern stablecoins.
JinseFinanceStablecoins gain prominence in 2023, with global regulatory efforts and market growth highlighting their evolving financial impact.
AlexLicensed platforms in Hong Kong are currently limited to facilitating the trading of Bitcoin (BTC) and Ethereum (ETH).
Davin
CointelegraphSpoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
Cointelegraph