EU, U.S., and Hong Kong Establish Regulatory Frameworks for Stablecoins Stablecoins are a type of cryptocurrency pegged to specific assets (typically fiat currencies), serving as a bridge between decentralized finance (DeFi) and traditional financial systems. They are also a critical infrastructure for DeFi. Recently, the U.S. passed its first stablecoin legislation, filling a regulatory gap in this sector. Just two days later, Hong Kong enacted a similar bill, bolstering its position as a gl...