Regulatory Landscape

The U.S. and Hong Kong are racing to regulate stablecoins, signaling a global monetary shift. The “GENIUS Act” aims to link stablecoins to U.S. debt, potentially boosting demand, while Hong Kong offers a more flexible approach, attracting innovative financial institutions. This regulatory competition is a battle for influence in the digital economy, mirroring the struggle for traditional currency dominance. Stablecoins are positioned to be key players in future cross-border payments and financial ecosystems.