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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
The Chinese regulatory authorities have spoken out, requesting the cessation of research and promotional activities related to stablecoins.
[Bitu] Bloomberg cited sources saying that China has asked local brokerages and other institutions to stop publishing research reports related to stablecoins or holding promotional seminars to prevent overheating of the market and control potential risks.
Sources revealed that in late July and early August, some large brokerage firms and think tanks received guidance from financial regulatory authorities to cease related activities and stop disseminating research content regarding stablecoins.
Recently, regulatory authorities in Beijing, Suzhou, and Zhejiang have issued warnings regarding illegal fundraising risks related to virtual currencies and stablecoins.
Stablecoins are usually backed by cash-like assets and issued by private companies, often pegged to the US dollar and supported by assets such as US short-term Treasury bonds. The global supply of stablecoins is expected to reach $3.7 trillion by 2030.