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CoinVoice has recently learned that Bloomberg cited informed sources stating that China has requested local brokerages and other institutions to stop publishing research reports related to stablecoins or holding promotional seminars to prevent market overheating and control potential risks.
According to the latest information from sources, in late July and early August, some large brokerages and think tanks received guidance from financial regulators, requesting the cessation of related activities and the stopping of the dissemination of research content regarding stablecoins.
Recently, regulatory agencies in Beijing, Suzhou, and Zhejiang have issued warnings about the risks of illegal fundraising related to virtual currencies and stablecoins.
Stablecoins are typically backed by cash-like assets, issued by private companies, and often pegged to the US dollar, supported by assets such as US short-term Treasury bonds. The global supply of stablecoins is expected to reach $3.7 trillion by 2030.