Global Competition in Stablecoin Regulation, G7 to Introduce Unified Framework
According to the Financial Times, the Group of Seven (G7) plans to launch unified regulatory standards for stablecoins by the end of the year, focusing on: 1) 100% reserve audit requirements; 2) Issuer capital adequacy ratios; 3) Cross-border payment compliance processes. This move could trigger a chain reaction: 1) USDT facing greater compliance pressure; 2) Bank-backed stablecoins accelerating development; 3) Offshore stablecoin market contraction. Meanwhile, the EU MiCA regulation is set to come into full effect, reshaping the global stablecoin regulatory landscape.