#稳定币市场动态 Looking back at the past, the changes in the stablecoin market are like a magnificent painting. Today, we are witnessing a new chapter. The Deputy Governor of the Bank of England announced the acceleration of stablecoin regulatory rules, keeping pace with the United States. This reminds me of the global regulatory storm triggered by the Libra project in 2019, when governments were still in a wait-and-see mode. In just a few years, the regulatory attitude has undergone a complete transformation.

At the same time, Coinbase has suggested the implementation of the U.S. "GENIUS Act," calling for a balance between regulation and innovation. This reminds me of the strict regulatory measures introduced by various countries after the ICO boom in 2017. The industry has now realized that excessive regulation may stifle innovation, while moderate regulation can promote healthy development in the industry.

The most remarkable thing is the initiative supported by the Japanese Financial Services Agency for three major banks to jointly issue a stablecoin. This inevitably reminds me of the sensation caused by JPMorgan's launch of JPM Coin in 2018. At that time, many questioned the necessity of traditional financial institutions venturing into the crypto space, but it has now become an inevitable trend.

History always repeats itself and rises in a spiral. Based on past experiences, the development of the stablecoin market will surely encounter more twists and turns, but the overall trend is moving towards standardization and mainstreaming. For industry participants, it is essential to maintain an innovative spirit while always paying attention to regulatory trends in order to remain unbeaten in this market full of opportunities and challenges.