Hong Kong digital asset insurance company OneDegree: More than 100 teams have expressed interest in developing stablecoins
The Hong Kong Financial Affairs and Treasury Bureau and the Hong Kong Monetary Authority jointly issued a public consultation paper on stablecoins today. Guo Yanlin, co-founder of virtual insurance company OneDegree, said that he has received more than 100 project teams expressing interest in developing stablecoins. Use cases include payment, cross-border trade financing, equity and debt capital markets, decentralized finance (DeFi) and GameFi (Game Finance), and some projects are also interested in stablecoins and applying for a virtual asset service provider (VASP) license in Hong Kong.
OneDegree believes that with the significant increase in use cases and the acceptance of regulated stablecoins in mainstream markets, virtual asset exchanges, custody and asset management companies will record greater trading volume and fund flows. The upper limit of investor protection for warm wallets and hot wallets should be increased.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
“Hyperliquid 50x Whale” opens 40x BTC short position, with a position value of $160 million
Code of Joker game will reappear on smartphones in a new version via Sui blockchain
Share link:In this post: The arcade Code of Joker existed from 2013 to 2019 The game will run on a platform Mysten acquired just days ago. Sui partnered with Jokers, Inc., which is obtaining more games to revive in Web3
RLUSD Can Be Frozen for Compliance, Ripple CTO Admits

BlackRock to File XRP ETF Only After SEC Lawsuit Resolution, Expert Says

Trending news
MoreCrypto prices
More








