📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
New regulations on stablecoin supervision: What is the impact on the financial system?
Potential Impact of Stablecoins on the Financial System
Stablecoins serve as a bridge between traditional finance and decentralized finance, and the establishment of their regulatory framework marks an important step for cryptocurrencies to integrate into the mainstream financial system. Recently, the United States and Hong Kong have successively passed stablecoin regulatory bills, filling the regulatory gap in this field and helping to standardize industry development.
In terms of scale, the current market value of stablecoins is approximately $230 billion, accounting for about 1% of onshore deposits in the United States. However, in terms of transaction volume, the annual transaction volume of mainstream stablecoins has exceeded $28 trillion, surpassing that of mainstream credit card organizations, highlighting their importance as a means of payment. With the improvement of regulatory frameworks, stablecoins are expected to play a greater role in international payments and other areas.
The main impact of stablecoins on the financial system includes:
Overall, the development of stablecoins brings both opportunities and challenges. The establishment of regulatory frameworks helps to mitigate risks and promote the standardization of the industry. However, continuous attention is still needed regarding its potential impact on financial stability, with timely policy optimization.