Tether e USDC affronteranno il caldo dopo la rigorosa regolamentazione delle stablecoin di Hong Kong

Hong Kong ha recentemente proposto norme rigorose per le stablecoin, segnalando le sue ambizioni di diventare un hub di asset virtuali. Tuttavia, il recente sviluppo pone potenziali sfide per le stablecoin più popolari sul mercato.

Timeline of Usd-coin, Tether

Tether, led by CEO Paolo Ardoino, recently conducted a comprehensive review of its trajectory from inception to its current position in the cryptocurrency landscape. Ardoino expressed satisfaction with the company's achievements, highlighting the remarkable $91.5 billion market cap of the USDT stablecoin across various blockchains.

Tether CEO Paolo Ardoino made a retrospective about the company's growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.

A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether's USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use it as an exchange device to acquire tools to facilitate online scams.

USDC stablecoin issuer Circle, based out of the USA, has been facing regulatory scrutiny in its home base, pushing it to look outside and develop partnerships with entities such as Fuze Finance in the UAE,to grow its USDC stablecoin market share in MENA region.

Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer for all participants and aiding law enforcement actions against bad actors.

Tether, the corporation behind the Tether stablecoin, published letters to US politicians addressing calls for involvement by the Department of Justice (DOJ) with respect to the criminal usage of its stablecoin.

Stablecoin issuer Tether is looking to increase its crackdown on illicit crypto transactions by sharing its recent letters to members of the U.S. House Financial Services Committee.

Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand's cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume).

S&P Global Ratings, a leader in providing credit ratings, announced a crucial series of stability assessments for various stablecoins on Dec. 12, rating each asset's stability strength on a five-point scale.

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the lack of detailed information about the custodians, counterparties, or bank account providers of USDT's reserves.