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Today's Web3 Key Highlights -
Bank of New York Mellon released its latest report: the market size of stablecoins and tokenized cash may exceed $3.6 trillion by 2030. The optimistic outlook of this 240-year-old financial institution on digital assets is worth noting.
At the same time, there is also significant movement from South Korea. The four major financial giants have teamed up with tech companies to officially enter the stablecoin arena. The collective entry of traditional financial forces may reshape the market landscape in Asia.
There has been new progress at the policy level: the U.S. Treasury Secretary announced that new guidelines for exchange-traded products related to cryptocurrency exchanges will be issued. The gradual clarification of the regulatory framework is a positive signal for the entire industry.
The competition in the stablecoin sector seems to be entering a heated stage.