CONSIDERATIONS TO KNOW ABOUT STABLECOIN LEGISLATION

These stablecoins are backed by other cryptocurrencies. Since the reserve copyright may also be risky, such stablecoins typically “over-collateralize”, that means they maintain a larger quantity of the reserve asset compared to the stablecoin issued to account for worth fluctuations. in a few cases, stablecoins might be overcollateralized with

inside the proposal, the FSTB and HKMA reference suggestions from session contributors, sector developments, and international dialogue on stablecoins in its final decision to "choose forward the legislative proposal to carry out a regulatory regime for issuers of fiat-referenced stablecoin (FRS) in Hong Kong." one Redemption gates enable an issue