盛康俱乐部李德康评：中国发展出版社出版稳定币科普书《与每个老百姓密切相关的稳定币》

Core Insights - The publication of the book "Stablecoins: Closely Related to Every Common Person" aims to educate the general public about the development and potential impact of stablecoins on everyday life, emphasizing their importance as a risk-hedging asset and financial service tool [2] - The global stablecoin market has surpassed $250 billion in size, with a trading volume of $37 trillion, significantly exceeding Bitcoin's $19 trillion during the same period, indicating strong industry potential and technological vitality [4] Regulatory Developments - Hong Kong has become the first jurisdiction to implement a comprehensive regulatory framework for fiat-backed stablecoins with the introduction of the "Stablecoin Ordinance," effective from August 1, 2025, which accelerates the licensing process for stablecoin operators [5][6] - Major tech companies, including Ant Group, are actively seeking stablecoin licenses in Hong Kong and Singapore, reflecting China's capital and technological engagement in the international stablecoin competition [6] Understanding Stablecoins - Stablecoins are digital tokens pegged to fiat currencies (like the US dollar), gold, or a basket of assets, designed to maintain price stability. They differ from digital currencies like the digital yuan, as they are typically issued by private entities and lack legal tender status [7] - Compared to native cryptocurrencies like Bitcoin, stablecoins offer advantages such as price stability, lower transaction costs, and increasing compliance [7] Industry Chain Overview - The stablecoin ecosystem is developing a complete industry chain, which includes upstream technology support, midstream issuance and trading, and downstream application scenarios [8] - Upstream: Involves blockchain technology companies, smart contract developers, and security audit firms providing the necessary technical infrastructure [8] - Midstream: Comprises traditional financial giants and tech firms responsible for issuing stablecoins and managing assets, with exchanges facilitating trading and liquidity [9] - Downstream: Encompasses diverse financial and real-world applications, including cross-border payments, supply chain finance, and asset tokenization [10] Real-World Applications - Stablecoins are increasingly utilized in various sectors, such as: - Cross-border payments, which significantly reduce transaction fees to below 0.1% and expedite payroll processes for companies [10] - Supply chain finance, enabling rapid settlement of accounts receivable, reducing transaction times from three days to five minutes, and saving approximately 1.2% per transaction [10] - Asset tokenization, which involves representing traditional assets digitally, thereby accelerating the formation of a financial tokenization ecosystem [10]