The Demonstrative Role of the $USDC Regulatory Standards: As a significant participant in the global financial market, the United States' stablecoin regulatory bill may provide a reference for other countries and regions, promoting the convergence of global stablecoin regulatory standards. Other countries may learn from the U.S. experience to improve their own stablecoin regulatory frameworks and strengthen the supervision of the stablecoin market.

• Increasing Demand for Cross-Border Regulatory Coordination: The bill contains relevant provisions for overseas issuers, which will encourage regulatory agencies in various countries to enhance cross-border regulatory coordination and cooperation to jointly address the cross-border financial risks posed by stablecoins, such as money laundering, terrorist financing, and other issues.