High standards set for stablecoin issuer licensing: a tough road ahead



In the recent discussions surrounding the future of stablecoins, Yu Weiwen emphasized a key point: the licensing approval standards for stablecoin issuers are very high. This stringent review process means that in the initial phase of issuance, only a few will be granted licenses, raising questions about industry accessibility and growth potential. Stablecoins, as a type of crypto asset…
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