Hey fam,

Part 3 of our #Stablecoin Series is LIVE! 🚀In our latest writeup, we dive into Asia and #Hongkong's progression and responses following the U.S. GENIUS Act. 🇭🇰

Here’s the TL;DR ⬇️⬇️

A global recap on recent developments: 🌎

The U.S. #GENIUS Act which has been making waves mandates a 1:1 USD-backed reserves, sparking the start of a regulatory race worldwide.

Stablecoins now dominate a staggering $250B market, but concerns still linger, which we've also covered in Part 1 & 2 of our series. 🤯

Let's look at Hong Kong's strategic response: 🇭🇰

➡️ Mirroring the #GENIUSAct's core principles, HK's Stablecoins Ordinance (launches Aug 1, 2025) is simlar but adds multi-currency pegs (HKD, RMB, USD).

➡️ Big players like Standard Chartered & Ant Financial are testing HKD/RMB stablecoins in #HKMA’s sandbox, which in turn is also boosting institutional trust.

But what's next for the stablecoins sector?🔮

Stablecoins are reshaping #finance, but success hinges on managing risks while innovating. Will Asia’s frameworks outpace the West in the long run?

Read the full deep dive here: https://t.co/vMGg5XrnFd

#OAX #OAXLearn #USDT #USDC #crypto #web3 #blockchain #digitalassets #fintech #asia #hk