Hong Kong Watchdog Warns: Stablecoin Mania Has Gone Too Far
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Stablecoins are having a moment—but regulators aren't cheering.
Hong Kong's financial overseers just dropped a cold dose of reality on the crypto euphoria, suggesting the market's gone overboard with dollar-pegged tokens. No numbers? No problem. The warning speaks volumes.
When TradFi gatekeepers start sounding the alarm, you know things are getting spicy. Maybe they're worried stablecoins will actually work too well—imagine a world where payments settle faster than a banker's lunch reservation.
One thing's clear: The party's getting loud enough to draw regulatory attention. And when that happens in finance, someone always ends up paying the tab.
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