The minimum registered capital is HK$25 million, and the issuer must apply for a license from the Hong Kong Monetary Authority.

Stablecoins have entered an era of “having laws to follow”.

JD.com, Ant, Standard Chartered Bank...a "battle among giants" for stablecoins is about to begin.

How is the progress, compliance ideas, ecological development, competitive advantages, and comparison with mobile payments.

Stablecoins have become an important part of JD.com's international business.

Visa and Mastercard are competing for dominance in the Web3 payments market.

On May 13, the market value of stablecoins reached 242.821 billion U.S. dollars, and Tether's USDT market value exceeded 150 billion U.S. dollars for the first time, accounting for 62% of the market value. In recent months, there have been continuous developments about stablecoins in the crypto market.

With good news coming, the market rebounded sharply.

Concerns will soon be cleared, standards will be mastered, and the era of great gold inflows seems to be imminent.

Stablecoin legislation is used as a model for successful U.S. crypto regulation. But in a larger narrative, it is the opening of a dollar extension strategy.

A major reshuffle in the stablecoin market has begun.

From geek technology to major asset classes, BTC paves the way for the future of stablecoins. What will be the crypto vision for the next decade?

A New Catalyst for the Crypto Bull Run?

Let’s review Circle’s history and its relationship with China.

Stablecoin is a peer-to-peer electronic cash system, but Bitcoin is not.

When USDC becomes the universal circulation basis of "on-chain dollars", the story of Circle really begins.

Circle wins in its “tool attributes” and Tether wins in its “survival needs”.

Who will win among USDT, which has the largest market share, USDC, which is seeking compliance, and FRAX, which is constantly exploring the boundaries of the digital dollar?

When stablecoins became a hot topic, Tether and Circle handed in different answers.

Hand-picked crypto-dollar system.

Circle's stock price soared 7 times, establishing its leading position in stablecoins, and traditional financial technology giants accelerated their layout.

Explain how stablecoins have evolved from “on-chain cash” to an important variable that influences US fiscal policy.

Tether is the most typical example of a truly natural network effect. This network effect will continue to strengthen and is not so easy to be replaced by a single channel.

Accelerating the circulation of money is the core application of cryptocurrency, and putting RWA on the chain is in line with this trend.

How do entrepreneurs, regulators, and traditional financial institutions respond to more macro-level monetary structural and policy issues?

Stablecoins will enhance the dollar’s global dominance.

Those who make money don’t want to go public, and those who go public may not necessarily share the profits. “Profits” actually have nothing to do with retail investors.

This report focuses on the transformation of the stablecoin ecosystem: from the early issuance-focused approach to today’s distribution and actual usage.

Stablecoin is a platform.

But don’t short Circle!

Institutional dividends are not short-term benefits, but long-term advantages.

A song of ice and fire on both sides of the Pacific.