7*24

Hot topic

Market

Activities

HTX DAO ile ortaklık kuran HTX, 1 Mayıs 2024 tarihinde TRON ağındaki TRX ve USDT sahipleri için $HTX airdropunuzun kilidini açmak için görevlerin 2. turunu başlatacak. Mega ödülleri şimdi alın!

Git>>

【TRON Network Kullanıcılarına Mega $HTX Airdropları】HTX DAO ile ortaklık kuran HTX, 1 Mayıs 2024 tarihinde TRON ağındaki TRX ve USDT sahipleri için $HTX airdropunuzun kilidini açmak için görevlerin 2. turunu başlatacak. Mega ödülleri şimdi alın!

TRON Network Kullanıcılarına Mega $HTX Airdropları

HTX DAO ile ortaklık kuran HTX, TRON ağındaki TRX ve USDT sahipleri için $HTX airdropunuzun kilidini açabileceğiniz ilk tur görevlerini başlatacak. Mega ödüller için şimdi görüntüleyin.

【TRON Network Kullanıcılarına: $HTX Airdropunuzun Kilidini Şimdi Açın】HTX DAO ile ortaklık kuran HTX, TRON ağındaki TRX ve USDT sahipleri için $HTX airdropunuzun kilidini açabileceğiniz ilk tur görevlerini başlatacak. Mega ödüller için şimdi görüntüleyin.

TRON Network Kullanıcılarına: $HTX Airdropunuzun Kilidini Şimdi Açın

The Hong Kong Monetary Authority today released a research report titled “An Assessment Of The Volatility Spillover From Crypto To Traditional Financial Assets: The Role Of Asset-backed Stablecoins.” The report said that with a perceived stable value offered by the backing of traditional financial assets, asset-backed stablecoins play a pivotal role in the crypto ecosystem. However, these stablecoins bear liquidity mismatch risks similar to money market funds, which may expose them to a fire-sale of reserve assets in times of crypto ecosystem instability and in turn increase the volatility of these reserve assets. In extreme circumstances, failures of stablecoins or other crypto assets could result in large-scale redemptions of asset-backed stablecoins and a fire-sale of their reserve assets, potentially posing material impacts on the traditional financial system.
The report said that as the crypto ecosystem continues to expand and is increasingly exposed to the financial sector, the linkages between crypto and traditional financial assets are likely to become stronger, potentially increasing the risk spillover discussed above. Importantly, the crypto ecosystem remains largely outside the oversight of regulators, with large data gaps impeding their assessments of the spillover risk. Given that the international regulatory community is considering putting in place appropriate regimes to regulate stablecoins, this study concludes with two suggestions that regulators may consider: 1. Requiring standardised and regular disclosures by the issuers of asset-backed stablecoins on their reserve assets holdings which could help regulators assess and compare their liquidity condition and potential liquidity mismatch risk. This could enable regulators to consider, in a more timely manner, taking appropriate measures to reduce the spillover risk in times of market disruption; 2. Strengthening the asset-backed stablecoins' liquidity management, possibly by imposing restrictions on the composition of reserve assets and requiring welldefined redemption rights, which may also help reduce the spillover risk.

Detail

【HKMA: Stablecoin volatility may spill over to traditional finance】The Hong Kong Monetary Authority today released a research report titled “An Assessment Of The Volatility Spillover From Crypto To Traditional Financial Assets: The Role Of Asset-backed Stablecoins.” The report said that with a perceived stable value offered by the backing of traditional financial assets, asset-backed stablecoins play a pivotal role in the crypto ecosystem. However, these stablecoins bear liquidity mismatch risks similar to money market funds, which may expose them to a fire-sale of reserve assets in times of crypto ecosystem instability and in turn increase the volatility of these reserve assets. In extreme circumstances, failures of stablecoins or other crypto assets could result in large-scale redemptions of asset-backed stablecoins and a fire-sale of their reserve assets, potentially posing material impacts on the traditional financial system.
The report said that as the crypto ecosystem continues to expand and is increasingly exposed to the financial sector, the linkages between crypto and traditional financial assets are likely to become stronger, potentially increasing the risk spillover discussed above. Importantly, the crypto ecosystem remains largely outside the oversight of regulators, with large data gaps impeding their assessments of the spillover risk. Given that the international regulatory community is considering putting in place appropriate regimes to regulate stablecoins, this study concludes with two suggestions that regulators may consider: 1. Requiring standardised and regular disclosures by the issuers of asset-backed stablecoins on their reserve assets holdings which could help regulators assess and compare their liquidity condition and potential liquidity mismatch risk. This could enable regulators to consider, in a more timely manner, taking appropriate measures to reduce the spillover risk in times of market disruption; 2. Strengthening the asset-backed stablecoins' liquidity management, possibly by imposing restrictions on the composition of reserve assets and requiring welldefined redemption rights, which may also help reduce the spillover risk.

HKMA: Stablecoin volatility may spill over to traditional finance

How Can Ordinary People 'Survive' the Impact of the AI Wave?

BTC Fluctuating Between 66K-70K: Intraweek Precise Price Point Analysis

Crypto Stablecoin Liquidity Shifts As Bear Market Deepens – What The Data Reveal

When AI Reshapes the Shopping Journey, How Much Time Does PayPal Have Left?

BlackRock sets 0.25% fee for staked Ethereum ETF – Details

Abu Dhabi’s Sovereign Wealth Funds Buy The Bitcoin Dip

TRON price eyes $0.32 – Can institutional buying of 177K TRX save bulls?

Ethereum locks 50% of supply, yet ETH dips below $2K – How?

Bloomberg: How a16z Became the Key Force Behind U.S. AI Policy?

Change Of Heart? Hacker Returns $21M Stolen Bitcoin To South Korean Prosecutors

Article

elsa currently trades at 0.0758 USDT, up 10.17% in 24h, according to HTX market data.

zama currently trades at 0.022921 USDT, up 10.17% in 24h, according to HTX market data.

Stablecoin payment company RedotPay plans to raise over $1 billion in a US IPO.

The controversy surrounding the revision of BNC's asset management agreement escalates: YZi Labs demands the withdrawal of false accusations and claims the "secret subsidiary agreement" is a smear cam

The onshore yuan rose above the 6.89 mark against the US dollar.

enso currently trades at 2.147 USDT, up 11.11% in 24h, according to HTX market data.

National Bank of Canada sold 1.04 million MSTR shares, worth approximately $128 million.

clanker currently trades at 34.4308 USDT, up 12.37% in 24h, according to HTX market data.

clanker soared to 34.4821 USDT, a new high with a 24-hour increase of 12.37%. It currently trades at 34.4308 USDT on HTX.

XLM fell below 0.15  USDT

News

Tariffs Crash Crypto

Share Your HTX Earn Strategies and Earnings

Claim1,200 USDT in the Monthly Creation Challenge

Hit March's Interaction Leaderboard

Share Your Thoughts on Popular Assets in March

Share Crypto Stories to Win 400 USDT

Contest for HTX Community's Most Popular Post

Post To Earn Bonus

Share Your Thoughts on Popular Assets in June

Check In Weekly, Win Prizes Weekly — Join the Fun!

Topic

Special

Post

HTX Trading Championship

UP: The First New Token Bank for Stablecoins

KGST: KGS-Pegged Stablecoin for Kyrgyzstan

Clawd: Autonomous Wallet & Builder for AI Agents

Clanker: AI-Powered Token Bot for Base Chain

BNKRr: AI-Powered Wallet & Trading Assistant

Zama: Cross-Chain Privacy Layer with FHE

CLAWNCH: Launchpad by and for AI Agents

 MOLT: Hub for OpenClaw & AI Agents

Inx: Synthetix's All-in-One DeFi Access Hub

 USDe: Ethena's Synthetic Dollar Stablecoin

$BIRB: The Native Token Expanding Moonbirds

200 USDT | Share Insights on 2026 Crypto Trends

 Acu: Serverless Cloud via Idle Mobile Devices

SKR: Decentralized Mobile Ecosystem

Elsa: AI-Powered DeFi Agent Layer

Sent: Building the Open GRID Network

GWEI: Financializing Ethereum Blockspace

BEAT: AI-Native Web3 Entertainment Ecosystem

Recommend

Follow

Articles

Community

HKMA: Stablecoin volatility may spill over to traditional finance

Sorumluluk Reddi：Yukarıdaki içerik HTX'ın tutumunu temsil etmez.，HTX herhangi bir alım satım önerisinde bulunmaz.。

İlgili Makaleler

Tüm Yorumlar0En yeniPopüler

Trend Konular

İlgili Makaleler