🚨Another positive news in the crypto circle
Just in: Taiwan plans to propose a draft law for virtual asset service providers in June 2025, authorizing banks to issue #稳定币

#稳定币
Official announcement, it is indeed Dong Ge's company that issues stablecoins
The most explosive news in the circle these two days is the news that JD.com will issue Hong Kong dollar stablecoins in Hong Kong. It is indeed true, but the main body of issuing Hong Kong dollar stablecoins in the future is not the mainland JD Technology Group, but JD Technology Group's JD Coin Chain Technology Hong Kong company JD Jing Dong Coinlink. According to the official website of the Hong Kong company, JD.com Stablecoin is a stablecoin based on the supply chain and pegged to the Hong Kong dollar HKD1:1. It will be issued on the public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosure and audit reports. I was a little surprised. I didn't expect that it was a Hong Kong company under JD.com to make a Hong Kong dollar stablecoin. After all, it seems that there is a big gap for e-commerce companies to make stablecoins. It is not clear what kind of supply chain will be used to issue Hong Kong dollar stablecoins. There should be no need to worry. After all, it is possible to enter the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Regulatory Authority. The strength must be extraordinary. If the Hong Kong dollar stablecoin is a major project that the Hong Kong government promises to the world to support WEB3, its application scenarios will not only involve payment, supply chain management, and capital markets, but also WEB3 games and virtual asset transactions in the circle. The Hong Kong dollar stablecoin is like a bridge, involving the real economy on one side and the virtual economy on the other. Therefore, this project can be said to be a collection of thousands of expectations in a lifetime. JD.com Hong Kong should be under great pressure. Judging from the sandbox selection and related news, it is not easy to become the issuer of the Hong Kong dollar stablecoin in the future. At least three hard conditions and two requirements must be met.
First: You must have a physical company in Hong Kong
Second: It must be licensed in compliance
Third: You must have a strong full asset reserve strength and cannot provide sufficient and highly liquid capital. It is very likely to lead to instability of stablecoins and holders suffering financial losses.
There are two requirements. One is that the issuer cannot raise funds from the public under various names, and the other is that it cannot provide any investment products. To put it bluntly, it must be reliable and compliant, have strength, and not act recklessly.

#稳定币 #京东发行稳定币 #中国香港概念

This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.

JD.com, an e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.

For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.

JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.

This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to improving financial stability and promoting the development of the digital economy.

The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.

It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.

This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.

In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.

This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.

#大盘走势 #比特币减半 #稳定币 Why are so many people still losing money in this bull market? Bitcoin has risen to more than 70,000. Everyone still makes no money in the bull market, or makes little money and suffers a lot of losses. The first thing is to hold the currency. Whether you can hold it or not, the second one is that choice is very important. Don’t take a coin that has no ecological support or a coin that has no institutional support. Today I recommend a second-layer chain under Bitcoin.#Slorhas a stable community, can provide stable currency prices, and has a development team to complete Bitcoin’s largest search engine ecosystem. Welcome to leave a message for discussion...

USDC强势崛起，USDT被打“骨折”？你支持哪个稳定币？

根据最新数据，USDC今年的交易量已经全面超过USDT了，成为了市场领导者。自2024年以来，USDC一直在抢占市场份额，上周的交易量达到了4560亿美元，而USDT的交易量为890亿美元。

自1月以来，USDC还占到了总交易量的50%，主要原因是与Visa的合作。

USDC的强势，我觉得有2点原因：

1）它的背后是美国，美国政府一直和USDC的发行公司Circle合作，而且USDC背后还有coinbase，所以这一系列串联在一起，也不难理解为啥美国这么支持USDC。

2）USDC更急透明化，它的抵押法币每个月都会被审计，审计报告会在CENTRE官方平台公布，整个行业都会知晓抵押的数量。

虽然USDT的市场份额依然不小，但从可靠性来说，猛哥也比较认可USDC，从某种程度上来说，USDC是最安全的稳定币。

$USDC #稳定币

DWF Labs synthetic stablecoin products are planned to be launched in the fourth quarter of this year to the first quarter of next year
#DWFLabs #稳定币

#稳定币 The total market value of stablecoins is now $161.144 billion, with a weekly increase of 0.69%. In addition, the market value of USDT is $111.128 billion, with a market share of 68.96%.@白话币海

Why does everyone want to get a piece of the stablecoin pie?

Recently, JD.com and Xiaomi have teamed up to issue Hong Kong dollar stablecoins in Hong Kong. At present, the absolute king of the stablecoin market is [Tether USDT], but almost all traditional giants want to enter the stablecoin market to get a piece of the pie, including Paypal, Binance, etc.

The reason is that stablecoins are the foundation of Web3. As long as Web3 is still there, the demand for stablecoins will always be there, which is beyond doubt.

Secondly, stablecoins are a super transaction that is guaranteed to make money. Almost 99% of people in the currency circle will not experience redemption operations from stablecoin issuers throughout their entire currency circle career. Because everyone is C2C, I have 1 USDT, sell it to you, you give me the corresponding value of legal currency, and I give you this 1 USDT. This process does not involve redemption operations with the issuer.

Therefore, stablecoin issuers can use everyone's money to do capital transactions. Tether is basically all in US bonds, which is a more violent and stable transaction than banks.

In fact, many people in China who want to withdraw money use JD.com cards. JD.com now issues its own stablecoins, which makes things much easier. For JD.com, it is equivalent to printing its own money, providing a lot of cash flow, which is much greater than the cash flow brought by JD Finance.

It is difficult to subvert the dominance of USDT, but it does not affect coming in to share a piece of the pie.

#京东发行稳定币 #USDT #泰达币 #稳定币

$BTC $ETH $BNB

📈Long-term (spot): #OPUSDT | $OP | #OP

OP/USDT price is at a key support level, the best position to buy at the current price.

#质押 #山寨币 #稳定币

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Why am I not optimistic about $USDT? Will USDT be the biggest mine in the currency circle?

USDT is a stablecoin whose value is pegged to the US dollar. Each USDT is equivalent to one US dollar. It is issued and controlled by Tether. It is precisely because it is issued by a single company that it has some problems:

First, Tether has not disclosed the reserves of USDT publicly and transparently. We don't know whether they really have enough US dollars to support the value of USDT. Once the trust of users is lost, it will trigger panic selling by users. In 2018, the price of USDT once fell below $1, causing market fluctuations.

Secondly, USDT has also been under some legal and regulatory pressure. It was previously sued by New York prosecutors, accusing them of covering up a funding gap of $850 million in 2018 and misleading investors. Although the two parties finally reached a settlement agreement of $185 million, this also brought adverse effects to USDT.

Third, USDC, which is also a stablecoin, is much more transparent and decentralized. Their assets are placed in custodial banks and provide audit information, and they are also favored by more and more institutional and individual investors.

In short, in order to avoid this super black swan event, you must not convert too many of your assets into USDT. You can diversify them into some decentralized stablecoins, such as USDC, DAI, LUSD, etc., and also pay attention to whether their liquidity is good.

#稳定币

💰Argentina's stablecoin inflows lead Latin America, and may become the country's new favorite to fight inflation! 📈

Argentina has now surpassed Brazil to become the country with the largest stablecoin inflows in Latin America. According to the latest data from Chainalysis, from July 2023 to June 2024, the value of stablecoins flowing into Argentina exceeded US$91 billion, exceeding Brazil's estimated US$90 billion for the same period.

Currently, Argentina's stablecoin usage is 17% higher than the global average. The global average transaction volume is 44.7%, while Argentina has reached 61.8%, Brazil is 59.8%, Colombia is 66%, Mexico is 47.2%, and Venezuela is 56.4%. The reason for this situation is that these countries generally face serious inflation problems, so stablecoins are widely used as asset preservation tools in these regions.

Because in countries with high inflation rates, local currencies may depreciate by 15-30% in a year. Although the use of stablecoins such as USDT or USDC also faces 2-3% inflation of the US dollar, stablecoins still have considerable competitiveness compared with local currencies.

At the same time, Tether, the issuer of USDT stablecoin, said that they will focus on countries such as Argentina and Brazil, rather than developed regions such as Europe, America or Asia, because they believe that stablecoins can help those solve local inflation problems. In countries with severe inflation such as Argentina, Brazil and Venezuela, the growth rate of stablecoins is very fast.

On the other hand, for people living in economically stable countries and regions, they may not be able to fully feel the importance of stablecoins, but in some backward regions such as Africa and Central and South America, stablecoins are an important asset that changes people's living conditions.

So, can you imagine how difficult life will become for people who are unfortunately living in countries or regions where their national currencies depreciate by 5-10% per month? Fortunately, however, stablecoins can help them solve these serious problems to a certain extent!

💬Finally, if you live in a country with high inflation, would you choose to use stablecoins to protect your wealth? Do you think the popularity of stablecoins will shape the future global economy? What new opportunities and challenges will it bring?

#稳定币 #通货膨胀 #阿根廷

[Injective has integrated with Paypal's stablecoin PYUSD]

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Users can use wormhole to transfer from Ethereum and Solana to Injective via PYUSD, and dApps on the network can use PYUSD for fast payments, transactions, DeFi, etc.
#INJ #Injective #稳定币 $INJ