$ENA Regulatory Sword, Truth Revealed!

On August 1st, Hong Kong introduced Asia's first regulatory licensing system for stablecoins, centered around two core principles: 1:1 full fiat currency reserves + mandatory third-party audits. The market has a six-month buffer period and can apply for temporary licenses, but regulators have clearly stated: an estimated thirty percent of 'inflated' assets will be eliminated!

Market sentiment: Two extremes

Compliant players are winning big: Licenses are a 'golden signboard,' with significant government endorsement advantages.

Naked swimmers are panicking: Projects with unclear reserves and opaque operations must either comply or exit; the next six months will surely be a 'great wave washing away the sand.'

Confidence is being restored: Real capital backing calms retail panic, and institutions are beginning to seriously evaluate this 'legally sound' market.

Divine Dragon Strategy: Seek opportunities while maintaining stability

Risk aversion and portfolio adjustment: Quickly check whether the issuers of stablecoins in your holdings have applied for a temporary license! For those without action, it is recommended to gradually switch to 'licensed' currencies to avoid naked swimming risks.