On May 30, 2025, Hong Kong’s Stablecoin Ordinance mandates that stablecoin issuers acquire licenses, ensuring compliance with stringent regulations on reserve management and anti-money laundering. This initiative is designed to increase transparency and investor trust in the market.
The market shows mixed reactions; while some anticipate increased local investments due to better security measures, others express concern about the ramifications for non-compliant participants. Tether USDT continues to maintain a market cap of 153.1 billion USD with a dominance of 4.61%.
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