Part 3 of our Stablecoin Series is LIVE! 🚀In our latest writeup, we dive into Asia and Hong Kong's progression and responses following the U.S. GENIUS Act.
Here’s the TL;DR ⬇️⬇️
A global recap on recent developments: 🌎
The U.S. GENIUS Act which has been making waves mandates a 1:1 USD-backed reserves, sparking the start of a regulatory race worldwide.
Stablecoins now dominate a staggering $250B market, but concerns still linger, which we've also covered in Part 1 & 2 of our series. 🤯
Let's look at Hong Kong's strategic response:
➡️ Mirroring the GENIUS Act's core principles, HK's Stablecoins Ordinance (launches Aug 1, 2025) is simlar but adds multi-currency pegs (HKD, RMB, USD).
➡️ Big players like Standard Chartered & Ant Financial are testing HKD/RMB stablecoins in HKMA’s sandbox, which in turn is also boosting institutional trust.
But what's next for the stablecoins sector?🔮
Stablecoins are reshaping finance, but success hinges on managing risks while innovating. Will Asia’s frameworks outpace the West in the long run?
Read the full deep dive here: https://www.oax.org/2025/07/23/Part-Three-of-Stablecoins-Digital-Assets-Ecosystem-in-Asia.html