What is the Asian stablecoin market experiencing? An indisputable fact is in front of us: USDT's living space in multiple regions is being compressed.



Hong Kong has tightened supervision, the mainland continues to strictly control, and the gray channels that once bloomed everywhere are being closed one by one. This is not a small move by an exchange, but a systematic adjustment at the policy level.

Some say this is the end of USDT. But from another perspective, this is more like the entire industry being forced to reshuffle - the era of barbaric growth has passed, and the next fight is who can get the new ticket to compliance. The trend of mainstream currencies such as ETH and BNB will also be deeply affected by this wave of regulation.

The ebb and flow of stablecoins does not mean the end of the story of digital assets. On the contrary, a truly viable financial order is being rebuilt on this ruin.
ETH6.41%
BNB0.32%
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ValidatorVikingvip
· 4h ago
nah, they're just closing the gray routes. this isn't usdt's funeral—it's finality on the wild west phase. who actually runs compliant infrastructure at scale right now? that's the real stake economics question nobody's asking
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LeverageAddictvip
· 4h ago
Compliance is the passport to the future, and no one can escape this wave USDT cooling down does not mean that the currency circle is over, but it is an opportunity to reshuffle Supervision is coming, the era of barbaric growth is really over, and now the test is who has strong adaptability This time it's not just a matter of stablecoins, mainstream coins have to adjust their rhythm Rather than the end, it is better to say rebirth, just to see who survives
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AlphaLeakervip
· 4h ago
The gray channel is closed one by one, and USDT is difficult. But then again, compliance is a long-term life, and the days of barbaric growth have indeed passed. However, will ETH and BNB really be dragged down? I feel that the stablecoin thing is not so bound to the trend of mainstream coins. Wait, the phrase "rebuilding on the ruins" sounds like the beginning of a new round of leek cutting... The key is to see who can really get that ticket or play some new tricks. Is it really the end? I think it's more like playing in a different way. The compliance market is coming, and some things can't be hidden. We have seen a lot of supervision, and the question is whether it will overkill. If USDT is really killed, then what to do with the trading pair, there must be a substitute. In any case, the coins in his hand still have to be kept, and this wave cannot be avoided anyway.
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ILCollectorvip
· 4h ago
The gray channels are closed one by one, to put it bluntly, you still have to abide by the rules USDT is not over, but this wave is indeed going to be reshuffled Having said that, who gets the compliant ticket first is the key
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