Regulators focus on the position of stablecoins in global finance

Driven by cross-border payments, cryptocurrency volatility hedging and DeFi transaction demand, the total market value of stablecoins has exceeded US$300 billion. Tether, USDC and BUSD lead the market, with USDT having a market capitalization of over $80 billion. Regulatory reviews are being strengthened, focusing on reserve transparency and financial risks. Adoption is rising, especially in emerging markets, with wallet holdings growing by more than 40% this year. Analysts believe that through integration with traditional finance, as well as regulatory clarity and ongoing trust, stablecoins will have greater growth potential.