JD.com and Ant Group are actively applying for stablecoin licenses, primarily to seize the new track of digital finance, leveraging Hong Kong's relaxed regulatory policies and the rapid growth of the global stablecoin market. Below is a detailed analysis of the reasons: Capturing the New Track of Digital FinanceHuge Market Potential: In 2025, the total market value of global stablecoins has already exceeded $250 billion, and it is projected to reach between $1.6 trillion and $3.7 trillion by ...

This article delves into how stablecoins like USDT and USDC generate billions of dollars in revenue by investing their reserves in US Treasury Bills, with their income closely tied to Federal Reserve interest rates. If rates drop to zero, their profitability could plummet. As evidenced by the 2023 Silicon Valley Bank incident, fiat-backed stablecoins face regulatory challenges and depegging risks, while algorithmic stablecoins like USDe rely on crypto-native yields, making them less sensitive...