The digital financial world is changing quickly, and stablecoins are quickly becoming an important pillar in this digital finance ecosystem. These digital assets, designed to maintain a stable value relative to a reference asset like the US dollar, promise to revolutionize payments, trade, and financial services. Their promise is deeply...

The regulatory environment for stablecoins is rapidly evolving. These are important legislative developments, but tremendous work still remains in both the United States and Hong Kong. These regulatory pushes are an attempt to catch up with the increasing relevance of stablecoins in the international financial system. Simultaneously, the United States...