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#稳定币监管
Regulatory reasons: Stablecoins center around the core selling point of 'pegging to fiat currency and price stability'. By May 2025, the total market value of global stablecoins reached approximately $24.58 billion, a year-on-year increase of about 53%. However, there are issues such as insufficient reserve transparency and poor mechanism stability, and they are often used for cross-border money laundering and illegal fund transfers due to high liquidity and anonymity, exacerbating financial system risks. The International Monetary Fund has also pointed out that unregulated stablecoins may 'threaten monetary sovereignty', which has prompted a global acceleration of stablecoin regulation.