$USDC The frightening thing is that Binance suddenly increased the minting volume by 27 million USDC this morning, clearly aiming to play a compliance game with the central bank

3. The life-and-death speed of technology vs regulation

Decentralized finance (DeFi) and regulators are playing a 'cat and mouse game':

Regulatory blade: The SEC requires all stablecoin projects to complete compliance registration by June 24, otherwise they will be delisted globally

Technological breakthrough: AAVE and COMPOUND upgraded their smart contracts overnight, creating a dynamic reserve proof system to resist scrutiny