Standard Chartered Bank has obtained a stablecoin license in Hong Kong, and traditional financial giants have officially entered the crypto world! This is not only a victory for compliance but also a wealth entry ticket for retail investors!

Captain speaks plainly

Standard Chartered Bank announced its application for a stablecoin license in Hong Kong, which is one of the first 2-3 licenses issued by the Hong Kong Monetary Authority! As one of the three major note-issuing banks in Hong Kong, Standard Chartered plans to issue a compliance stablecoin pegged 1:1 to the Hong Kong dollar, directly challenging the market positions of USDT and USDC.

Impact on the market

1. Positive for Bitcoin: The entry of traditional financial institutions will bring massive funds, and a Bitcoin price of $100,000 is not a dream!

2. Positive for compliant projects: DeFi protocols like Lido and Aave have started integrating with Standard Chartered's testnet.

3. Negative for USDT: Hong Kong requires stablecoins to have 100% reserves, and Tether may face immense pressure.

Risk Warning

The first batch of licenses may be issued as early as 2026, and the market may experience significant fluctuations during the transition period. If USDT cannot comply, it may trigger a run risk.

Want to get ahead of this wave of dividends? Follow @船长趋势 . Finally, let me leave you with a truth: In the crypto world, 90% of people are waiting for the perfect moment, while 10% of people are already creating opportunities.