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《清华金融评论》|前瞻稳定币:创新探索与格局演变
清华金融评论·2025-07-11 09:25

Core Viewpoint - The article discusses the evolving landscape of stablecoin regulation and its implications for the market, highlighting recent legislative developments in the US and Hong Kong, as well as the EU's regulatory framework [5][6]. Group 1: Regulatory Developments - The US Senate passed the "Guidance and Establishment of a National Innovation Act for Stablecoins" on May 19, 2025, which was officially approved on June 17, 2025 [5]. - Hong Kong's Legislative Council approved the "Stablecoin Ordinance Draft" on May 21, 2025, establishing a licensing system for fiat-backed stablecoin issuers, set to be implemented on August 1, 2025 [6]. - The EU enacted the "Crypto Asset Market Regulation Act" in 2023, contributing to the global regulatory framework for stablecoins [6]. Group 2: Market Implications - The article emphasizes the growing attention on the development prospects and impacts of stablecoins as regulatory frameworks are established [6]. - A series of articles from Tsinghua Financial Review will explore various aspects of stablecoins, including their technological characteristics, functional types, regulatory models, market trends, and their effects on the international monetary system and financial markets [6].