Global #stablecoins.

As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry.

Recent data reveals a notable increase in the inflow of leading stablecoins USDC and USDT to centralized cryptocurrency exchanges, raising speculation about a possible rise in Bitcoin (BTC) prices.

Hong Kong is ramping up its efforts to attract top tech talent and enhance its digital infrastructure as part of a broader strategy to bolster its technology sector.

In the past two days, institutional investors have ceased their accumulation of stablecoins, leading to a notable decline in Bitcoin's price. As of 08:03 am UTC on August 12, Bitcoin (BTC) has dropped 3.9% to $58,930, falling from a weekly high of $62,510 and slipping below the $60,000 mark.

Switzerland, renowned for its financial prowess and innovation, is taking decisive steps towards regulating stablecoins, a rapidly expanding segment within the cryptocurrency sphere.

The cryptocurrency market is experiencing a significant uptick in trading volumes, with projections indicating that the U.S. will spearhead this growth, surpassing $2 trillion in trading activity.