$ENA On August 1, 2025, the $ENA Administration officially launched the "Stablecoin Issuer Regulatory System"—which means: Do you want to issue stablecoins in X port? First, queue up to obtain a license, then pay a substantial amount of funds, and be prepared to back every coin you issue with high-quality reserve assets at a 1:1 guarantee. Originally, the stablecoin market was like a free buffet; now it has turned into a high-end restaurant where "you can only sit at the table if you have a reservation and pass security checks." Although the process is complicated, at least investors don’t have to worry about "coins disappearing or money flying away"; the regulatory environment is stricter, and the taste of anti-fraud measures is stronger than salted fish! If you want to achieve financial freedom with stablecoins, you will need a lot of good luck.