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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Ping An considers the new Stablecoin regulations of Hong Kong
Ping An acknowledges the change in stablecoin policy in Hong Kong, emphasizing its blockchain platform and committing to continue adaptive research. The Hong Kong Monetary Authority (HKMA) will implement new regulations requiring licenses for fiat-pegged stablecoins from August 1, 2025, through a private invitation mechanism.
This move forecasts a restructuring of the stablecoin market, especially with coins like USDT and USDC. However, decentralized assets like BTC and ETH are unaffected as they are not pegged to fiat.
Although Ping An and industry leaders have not made a public statement, the market remains cautious, waiting for further official guidance. The public discussion on social media is also quite limited, reflecting the hesitance of the parties in light of the new legal environment.