The recent actions by Australian regulators are worth noting. ASIC has directly approved secondary distribution of stablecoins and wrapped tokens, removing the mandatory requirement for intermediaries to hold an AFS license. This significantly lowers the entry barriers for liquidity providers.

From an on-chain perspective, such policy adjustments typically send two signals: first, the trading pairs and trading depth of stablecoins may increase rapidly, so it’s important to monitor the capital flows of USDC, USDT, and other tokens on major Australian exchanges; second, new stablecoin products may be launched in Australia in the future, so it’s necessary to anticipate related contract deployment trends.

However, there are some interesting details—the expansion of the exemption measures indicates that this is not a one-step decision but a further advancement based on earlier pilot programs. This usually suggests that regulatory attitudes are gradually stabilizing, and risk premiums may improve.

It’s worth continuously observing the inflow volume of funds into Australia’s stablecoin ecosystem. If there is no significant increase in the coming weeks, it indicates that the market response is still in the anticipation stage.