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🛩️ Hong Kong paves the way for the release of #stabecoin
👉🏻 The Hong Kong Monetary Authority (HKMA) has just allowed institutions to test the issuance of stablecoins through a pilot program called "sandbox".
👉🏻 Finance Minister Paul Chan said #sandbox will enable organizations interested in issuing stablecoins to test the issuance process, business model, investor protection and risk management system of stablecoins.
👀 Cryptocurrency investors are waiting to see the next steps of the HKMA in implementing this sandbox and how it will affect both the industry and the economy #HongKong
#TrendingTopic #SharkCoin
👉🏻 The Hong Kong Monetary Authority (HKMA) has just allowed institutions to test the issuance of stablecoins through a pilot program called "sandbox".
👉🏻 Finance Minister Paul Chan said #sandbox will enable organizations interested in issuing stablecoins to test the issuance process, business model, investor protection and risk management system of stablecoins.
👀 Cryptocurrency investors are waiting to see the next steps of the HKMA in implementing this sandbox and how it will affect both the industry and the economy #HongKong
#TrendingTopic #SharkCoin
🇺🇸 WORMHOLE SUPPORTING THE 'BANK-GRADE' STABLECOIN STRATEGY OF RIPPLE
Wormhole believes that the future of stablecoins belongs to bank-grade oversight — and Ripple is leading this trend.$BONK
🏦 Why Ripple Stands Out
• RLUSD is supervised by the New York Department of Financial Services (NYDFS)
• Approved by the Office of the Comptroller of the Currency (OCC)
• Designed for banks, financial institutions, and traditional payment systems
🔗 Wormhole's Argument
Wormhole emphasizes that the next wave of stablecoins will not come from legally loose projects, but from those stablecoins:
• Strictly compliant$NEAR
• Multi-chain interoperable
• Ready for large institutions and banks
Ripple meets all the requirements:
• Clear legal status
• Corporate credibility
• Focused on cross-border payments
• Deep relationships with the global banking system
🌍 The Big Picture
As countries tighten regulations, capital is rapidly shifting towards managed stablecoins, qualified for use by banks, governments, and large institutions — not just serving DeFi.$TRUMP
⚡️ Conclusion
The stablecoin market is splitting into two:
• High-risk stablecoins, less regulated
• Bank-grade stablecoins, legally compliant
Wormhole is betting on the second group — and Ripple has been there from the start.
#Ripple #stabecoin #WriteToEarnUpgrade
Wormhole believes that the future of stablecoins belongs to bank-grade oversight — and Ripple is leading this trend.$BONK
🏦 Why Ripple Stands Out
• RLUSD is supervised by the New York Department of Financial Services (NYDFS)
• Approved by the Office of the Comptroller of the Currency (OCC)
• Designed for banks, financial institutions, and traditional payment systems
🔗 Wormhole's Argument
Wormhole emphasizes that the next wave of stablecoins will not come from legally loose projects, but from those stablecoins:
• Strictly compliant$NEAR
• Multi-chain interoperable
• Ready for large institutions and banks
Ripple meets all the requirements:
• Clear legal status
• Corporate credibility
• Focused on cross-border payments
• Deep relationships with the global banking system
🌍 The Big Picture
As countries tighten regulations, capital is rapidly shifting towards managed stablecoins, qualified for use by banks, governments, and large institutions — not just serving DeFi.$TRUMP
⚡️ Conclusion
The stablecoin market is splitting into two:
• High-risk stablecoins, less regulated
• Bank-grade stablecoins, legally compliant
Wormhole is betting on the second group — and Ripple has been there from the start.
#Ripple #stabecoin #WriteToEarnUpgrade
Got it! If you don't understand, watch and learn more 🌚
#KeepBuilding
#RWA #Stabecoin
The protagonist of the next generation 🌚
#KeepBuilding
#RWA #Stabecoin
The protagonist of the next generation 🌚
Binance applies EU MiCA Stablecoin rules
Binance will implement EU MiCA stablecoin regulations on June 30, 2024, which will take effect on June 30, 2024 across the European Economic Area (EEA), requiring issuers Managed stablecoins.
The MiCA stablecoin rules aim to enhance market clarity and stability, potentially increasing regulated Stablecoin adoption.
The important regulatory framework developed by the European Union over many years aims to strengthen supervision and consumer protection in the cryptocurrency market.
The MiCA stablecoin rules aim to enhance market clarity and stability, potentially increasing regulated Stablecoin adoption.
The important regulatory framework developed by the European Union over many years aims to strengthen supervision and consumer protection in the cryptocurrency market.
Over the past 30 days, over 2 billion USDT has flowed into exchanges. Not to mention over 300 million USDC has also flowed into exchanges. The money flow is still showing signs of positive buying.
$USDC #stabecoin #netflow
$USDC #stabecoin #netflow
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