Chloe, the head of HTX RESEARCH, shared her profound insights on the linkage between cryptocurrency and stock issuance, as well as the development of stablecoins during a Twitter Space hosted by CoinWorld under the theme 'Is the bull market still about storytelling? Regulation, institutions, and unions have disrupted the scene.'
Chloe believes there is a realistic path for the linkage between cryptocurrency and stock issuance as well as dual-track issuance; projects like Base are already exploring dual tracks. In fact, as early as 2021, Coinbase considered issuing a coin while issuing stock, but the regulatory environment was too tense to implement it. Now, Base has clearly indicated that it may issue its own token, and in the future, many companies will first obtain compliant financing through traditional listings before issuing coins to establish community consensus, and vice versa.
Chloe stated that the Genius Bill is a very clever piece of legislation. It does not tighten regulations but rather outsources the issuance of dollar stablecoins to compliant third parties, expanding the network of dollar system affiliates. Huobi HTX has currently launched several stablecoin products including USD1, EURR, USDR, and USDQ, aiming to support multi-chain and multi-currency asset management, meet the needs of high-frequency trading, on-chain hedging, and programmable payments, thereby enhancing global payment efficiency. Chloe disclosed that Huobi HTX now supports TRON chain USD1 deposits, and this year Huobi HTX ranks among the top three in stablecoin trading volume in Europe, and has implemented a zero-fee policy in Latin America/Africa. This is not about competition in the track, but about rebuilding payment frontiers.