Within one week of the implementation of the Hong Kong Stablecoin Regulation, the size of the local OTC trading market has decreased by approximately 32.94%.
BlockBeats News, August 12th, according to Bitrace monitoring, within a week of the implementation of the Hong Kong stablecoin regulations, the local OTC market size has decreased by approximately 32.94%. The daily average USDT transfer volume of business addresses of storefront service providers has decreased by 43.20% (from 9.47 million to 5.38 million), while business addresses of non-storefront service providers have decreased by 30.65% (from 42.57 million to 29.52 million).
You may also like

Circle has been on the market for 270 days, working hard to shed the stablecoin label

Interpreting Stripe’s 2025 Letter: Despite the Crypto Winter, It’s Still Stablecoin Season

After Jane Street Halts 10% Sell-Off, BTC Sees Strong Rebound

Myanmar in Turmoil: The Sanctity of the Dollar, Trapped Youth, and the Underground Financial System

Wall Street's Most Mysterious Money-Making Machine, Crashing Bitcoin Price at 10 a.m. Sharp Every Day

Key Market Information Discrepancy on February 26th - A Must-Read! | Alpha Morning Report

How was the Backpack staking token swap established?

Can You Still Launch a VC Firm Today?

Claude Cowork Adds Scheduled Task, Jane Street Incident Continues to Stir, What's the Overseas Crypto Community Talking About Today?

Leveraging $6,000 to Move a $200M Market Cap? How Polymarket Creates an "Insider Trading Illusion"
WEEX AI Hackathon: $8B Traded, Real AI Strategies Proven
How profitable is AI trading in real crypto markets? WEEX's $1.88M global AI hackathon reveals $8B volume, 227% ROI, API strategy data, and why only 8 of 37 traders made profit.

Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

February 25th Market Key Insights, How Much Did You Miss Out?

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
