Stablecoin

Emerging challengers:
$DAI (decentralized)$FDUSD (Binance-backed)$PYUSD (PayPal)⚠️ Key issue: regulation.

👉 Do you think decentralized stables will survive better than centralized ones?

#stablecoin #defi #writetoearn

HKMA Sends a Clear Signal to Investors
The Hong Kong Monetary Authority (HKMA) has issued a stern warning to investors: there are currently no licensed stablecoin issuers in the city, meaning that the marketing or distribution of such products is considered illegal.
The statement came shortly after local firm AnchorX announced the launch of its stablecoin AxCNH, pegged to the offshore Chinese yuan. AnchorX claims it holds a license from Kazakhstan’s Astana Financial Services Authority and that the token will support cross-border payments and tokenized real-world assets (RWA).

HKMA: No License, No Trust
On its official WeChat account, HKMA emphasized that:
No entity in Hong Kong holds a license to issue stablecoins,The public should exercise maximum caution,Violations of the rules may carry legal consequences.
This marks the first major test of Hong Kong’s new stablecoin regulations, which came into effect this August. Under the framework, all issuers must meet strict requirements for capital, governance, and licensing, or risk enforcement actions.

AnchorX and Timing That Raises Questions
The timing of the warning is notable. Recently, China’s securities regulator instructed brokerage firms to suspend tokenization of real-world assets in Hong Kong, citing concerns over risk management and market stability.
As a result, AnchorX faces pressure even before its AxCNH token gains broader adoption. If the company intends to rely on licensing outside Hong Kong, it could spark regulatory clashes and conflicts with the city’s new rules.

The Future of Stablecoins in Hong Kong
For Hong Kong, this case is a precedent. It will demonstrate how strictly the city enforces its new stablecoin regime and whether it will tolerate projects operating under licenses from foreign jurisdictions.
One thing, however, is clear: without a license directly from HKMA, stablecoins have no path to legal recognition in Hong Kong.

#HongKong , #stablecoin , #CryptoRegulation , #RWA , #Tokenization

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The European financial sector is gearing up for a major shift in digital payments. Nine leading banks—ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International—have announced the formation of a consortium aimed at launching a new euro stablecoin regulated under the Markets in Crypto Assets (MiCA) framework.
According to the plan, the first stablecoin should be released in the second half of 2026.

A European Alternative to U.S. Dominance
The project aims to create a trusted European payment standard, offering an alternative to the stablecoin market currently dominated by the United States. Banks state that their digital instrument will enable almost instant, low-cost, and round-the-clock transactions, both within Europe and across borders.
The stablecoin is expected to provide:

🔹 Efficient cross-border payments 24/7

🔹 Programmable features powered by blockchain technology

🔹 Enhancements in supply chain management and digital asset settlement

New Company and Central Bank Oversight
To bring the project to life, a new legal entity has been established in the Netherlands, seeking licensing and supervision from the Dutch Central Bank as an electronic money institution.
The consortium remains open to additional banks joining in. A CEO for the new company is expected to be appointed soon, pending regulatory approval.
Individual banks will also be able to provide value-added services, such as stablecoin wallets and custody solutions.

Joint Statement from the Banks
“Digital payments are key to future euro-denominated transactions and financial market infrastructure. They offer greater efficiency, transparency, and instant settlement across currencies 24/7. This development requires an industry-wide approach and common standards among banks,” said Floris Lugt, Head of Digital Assets at ING and joint spokesperson for the initiative.

A Growing Trend
This joint effort confirms that MiCA regulation is paving the way for a new era of digital payments in Europe. Earlier this week, Forge (Societe Generale) also announced that its euro stablecoin will be listed on the European exchange Bullish Europe.
The consortium of nine banks highlights that Europe is determined to take the lead, building a stable, secure, and innovative digital financial system with its own blockchain-based currency.

#euro , #stablecoin , #fintech , #blockchain , #CryptoNews

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

According to Bloomberg’s latest valuation report the chairman of Tether has reached an astonishing net worth of 224 billion dollars placing him as the fifth wealthiest individual on the planet. This revelation highlights the extraordinary scale of Tether’s influence in the global financial system and the crypto economy.
Tether is the issuer of USDT the largest stablecoin in circulation with a market cap exceeding 100 billion dollars. Its role as the backbone of crypto trading has turned it into one of the most important financial tools worldwide. Every day billions of dollars in trading volume depend on USDT liquidity making Tether central to market stability.
The chairman’s rapid rise in wealth demonstrates how digital assets are no longer a niche sector but a core driver of wealth creation rivaling the biggest fortunes built in technology and energy. For comparison this valuation places him ahead of many global corporate leaders and almost on par with household names like Elon Musk and Jeff Bezos.
The impact of this ranking goes beyond personal wealth. It signals that stablecoin issuers hold unprecedented economic power and influence over both crypto and traditional markets. As regulators worldwide study stablecoin frameworks such as MiCA in Europe and upcoming US bills the attention on Tether’s dominance and leadership will only intensify.
#Tether #stablecoin