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PROVE trong 24 giờ đã dao động đạt 51.2%, giá hiện tại $0.3143

【PROVE24 giờ biến động trên 50%!】PROVE trong 24 giờ đã dao động đạt 51.2%, giá hiện tại $0.3143

PROVE24 giờ biến động trên 50%!

HTX dữ liệu giám sát cho thấy, TRX vượt qua 0.36 USDT, hiện báo 0.36 USDT, 24H tăng 1.32%.

【TRX vượt qua 0.36 USDT】HTX dữ liệu giám sát cho thấy, TRX vượt qua 0.36 USDT, hiện báo 0.36 USDT, 24H tăng 1.32%.

TRX vượt qua 0.36 USDT

MFER trong 24 giờ đã dao động đạt 70.94%, giá hiện tại $0.000585

【MFER24 giờ biến động vượt quá 50%!】MFER trong 24 giờ đã dao động đạt 70.94%, giá hiện tại $0.000585

MFER24 giờ biến động vượt quá 50%!

HTX data monitoring shows that AAVE has broken through 90 USDT, currently reported at 90.01 USDT, with a 24H increase of 3.29%.

【AAVE breaks through 90 USDT】HTX data monitoring shows that AAVE has broken through 90 USDT, currently reported at 90.01 USDT, with a 24H increase of 3.29%.

AAVE breaks through 90 USDT

HTX dữ liệu giám sát cho thấy, BTC vượt qua 78000 USDT, hiện báo 78004.74 USDT, 24H tăng 1.68%.

【BTC vượt qua 78000 USDT】HTX dữ liệu giám sát cho thấy, BTC vượt qua 78000 USDT, hiện báo 78004.74 USDT, 24H tăng 1.68%.

BTC vượt qua 78000 USDT

WARD trong 24 giờ đã dao động đạt 50.34%, giá hiện tại $0.014895

【WARD24 giờ dao động trên 50%!】WARD trong 24 giờ đã dao động đạt 50.34%, giá hiện tại $0.014895

WARD24 giờ dao động trên 50%!

KIMA trong 24 giờ đã dao động 66.62%, giá hiện tại $0.0055

【KIMA24 giờ dao động trên 50%!】KIMA trong 24 giờ đã dao động 66.62%, giá hiện tại $0.0055

KIMA24 giờ dao động trên 50%!

HTX data monitoring shows that HTX has broken through 2e-06 USDT, currently reported at 2.001e-06 USDT, with a 24H increase of 1.78%.

【HTX breaks through 2e-06 USDT】HTX data monitoring shows that HTX has broken through 2e-06 USDT, currently reported at 2.001e-06 USDT, with a 24H increase of 1.78%.

HTX breaks through 2e-06 USDT

MAPO trong 24 giờ đã dao động lên tới 72.89%, giá hiện tại là $0.001984

【MAPO24 giờ dao động hơn 50%!】MAPO trong 24 giờ đã dao động lên tới 72.89%, giá hiện tại là $0.001984

MAPO24 giờ dao động hơn 50%!

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

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Article

zest currently trades at 0.128273 USDT, up 10.31% in 24h, according to HTX market data.

HKMA: Stablecoin volatility may spill over to traditional finance

Tuyên bố miễn trừ trách nhiệm：Nội dung trên không đại diện cho quan điểm của HTX.，HTX không đưa ra bất kỳ lời khuyên giao dịch nào.。

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