As the cornerstone of the crypto world, stablecoins not only support the prosperous development of the crypto world, but have also gradually begun to expand their use cases to real-world payments in recent years. As a result, the regulation of stablecoins has become a focus of crypto regulation globally, with most countries enacting separate legislation on stablecoins, further highlighting the regulatory pressure that stablecoins face globally. Globally, the degree of regulatory tightness varies, with different arrangements made for stablecoin issuance, reserve asset requirements, and access thresholds. In particular, there are significant differences in how stablecoins are defined and the legal basis applicable to stablecoins, which highlights the potential attitudes and tendencies of different authorities towards the future development of stablecoins. Clarifying this regulatory mindset is undoubtedly necessary for any industry practitioner, as while the industry narrative may be as hot as ever, the Damocles' sword of regulation is always the deepest concern in the heart of every practitioner, as it directly determines the direction the industry will go.
Therefore, this research report will systematically start from the basic concept of stablecoins, comprehensively sort out and analyze the stablecoin regulatory frameworks of major countries in North America, Europe, Asia, Africa and other regions, and further analyze and discuss the global regulatory trends, the differences and focuses of regulations in different regions, as well as the challenges and opportunities facing the industry.
Author: TIEZHU, Web3Caff Research Researcher
Cover: Photo by Unsplash+, Typography by Web3Caff Research
Word Count: Total 12000+ words
Table of Contents
- I. Basic Background
- 1.1 Basic Concept and Definition of Stablecoins
- 1.2 Characteristics and Risks of Different Types of Stablecoins
- 1.3 Market Overview of Stablecoins
- II. Global Stablecoin Regulatory Landscape
- 2.1 North America
- (1) Stablecoin Regulation in the United States
- (2) Stablecoin Regulation in Canada
- 2.2 Europe
- (1) Stablecoin Regulation in the European Union
- (2) Stablecoin Regulation in the United Kingdom
- 2.3 Asia
- (1) Stablecoin Regulation in Hong Kong
- (2) Stablecoin Regulation in Japan
- (3) Stablecoin Regulation in South Korea
- (4) Stablecoin Regulation in the United Arab Emirates
- (5) Stablecoin Regulation in Singapore
- 2.4 Africa
- 2.1 North America
- III. Trends and Comparisons in Global Stablecoin Regulation
- 1.1 Major Regulatory Trends
- 1.2 Comparison of Regulatory Focuses Across Countries
- Conclusion
- Key Points Structure
- References
