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Cover Story: Stablecoins Face Reality Check as Tech Gaps and Policy Firewalls Mount

By Liu Ran, Ding Feng, Wang Xiaoqing, Wang Shiyu and Han Wei
2025年08月04日 05:51
Global policymakers reassess crypto’s promises amid tech, security and compliance concerns

A wave of policymaking and market volatility this summer has thrust stablecoins to the forefront of global financial debate, as regulators from Washington to Beijing scramble to manage the rapidly evolving crypto frontier.

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