Stablecoin Regulation: Bokamoso ba Melao ea Digital Dollar

Stablecoins - maraka a limilione tse likete tse 150 + le ho hōla - ka potlako e fetoha lisebelisoa tsa lichelete tsa limmaraka tsa crypto. E itšetlehile ka lichelete tsa lichelete kapa thepa e 'ngoe e tsitsitseng, e thusa ho lefa ka nako ea sebele, e fana ka chelete e fumanoang ke dollar ntle le ho ama tsamaiso ea libanka, le borokho ba lichelete le lichelete tsa kantle ho ketane. Ho tloha ho lihlopha tsa khoebo le ho alima DeFi ho ea ho lichelete tsa lefats'e le thepa ea tokenized, stablecoins ke motheo oa ho fetisetsa boleng ba dijithale.

Empa ka tekanyo e tlisoang ke tlhahlobo.

Baetsi ba maano lefatšeng ka bophara ba matha ho theha meralo ea molao ho laola lidolara tsena tsa dijithale. Bakeng sa likhoebo tse sebetsang ka har'a tikoloho ea stablecoin kapa haufi le eona, ho lula pele ho melaoana ha se boikhethelo - ke ho phela.

Li-Stablecoins ke eng?

Stablecoins ke matlotlo a dijithale a etselitsoeng ho boloka boleng bo tsitsitseng, hangata ka ho khokhotheloa 1:1 ho chelete ea fiat (haholo-holo dolara ea Amerika) kapa matlotlo a mang a ka lebelloang esale pele (mohlala, thepa, lichelete tse ling tsa crypto, kapa taolo ea algorithmic). Sepheo sa bona sa mantlha ke ho fokotsa ho hloka botsitso ha ba ntse ba boloka mokhoa oa ho ba le lenaneo le mokhoa o se nang moeli oa crypto.

Mefuta e fapaneng ea li-stablecoins e sebelisa mekhoa e ikhethang ho boloka thakhisa ea bona:

Type

Peg Mechanism

mohlala

E tšehelitsoe ke Fiat

E tlatsitsoe ka botlalo ke thepa ea fiat

USDC, USDT, GUSD

Crypto-tšehelitsoe

Overcollateralized le crypto

DAI (ETH-based)

E hlophisitsoeng

E tsitsisoa ka likhoutu le likhothaletso

Frax (ka mokhoa o itseng), o fetile Terra

Thepa e tšehelitsoeng

E khomaretsoe ho khauta kapa thepa ea sebele ea lefatše

PAXG (khauta), Khauta e Tether

Li-Stablecoins li bohlokoa hobane li nolofalletsa lihlahisoa tsa lichelete tsa li-crypto-native-ntle le kotsi e sa tsitsang ea thepa ea setso ea crypto.

Ke Hobane'ng ha Batsamaisi ba Hlokomela Stablecoins

Li-Stablecoins ha se thepa ea li-crypto feela - li ntse li sebelisoa haholo joalo ka chelete ea dijithale kapa chelete ea elektronike, tse tsamaisanang le lefats'e la lichelete le litefo tsa setso. Sebopeho sena se habeli - se ka hlophisehang joalo ka crypto, empa se ts'eptjoa joalo ka fiat - se li etsa bohlokoa ho basebelisi le likhoebo.

Empa e boetse e baka hlooho ea taolo, haholo ha li-stablecoins li ntse li hola ka bongata, ts'ebeliso le phihlello ea lefats'e.

Mathata a mantlha a taolo a kenyelletsa:

Rekeletsa ho Lekahala & Ponaletso

Li-Stablecoins li bolokehile feela joalo ka ha thepa e li tšehetsa. Haeba stablecoin e bolela hore e na le $ 1, e tlameha ho tšoara $ 1 ea thepa ea metsi, ea boleng bo phahameng bakeng sa tokens e 'ngoe le e' ngoe e fanoeng. Baokameli ba batla ho tseba:

  • Na libaka tsa polokelo li tšehelitsoe ke 1:1?
  • Na li bolokiloe matlotlong a sireletsehileng, a metsi (mohlala, chelete, T-bills)?
  • Na libaka tseo tsa polokelo li arotsoe, lia hlahlojoa, 'me li senoloa khafetsa?

 

Ho hloleha joalo ka TerraUSD le mahlabisa-lihlong a opacity ho bakile mehala ea litlhoko tse thata tsa tlhahlobo, bopaki ba nako ea nnete, le melao e thata ea boleng ba thepa.

Litokelo tsa Topollo & Liquidity

Basebedisi ba hloka ho tšepa hore ba ka lopolla li-stablecoins ka palo ($ 1 = $ 1) - esita le nakong ea liketsahalo tsa khatello ea kelello kapa ho fetoha ha 'maraka. Baokameli ba botsa:

  • Na basebelisi ba ka lopolla ha ho hlokahala, ntle le tieho kapa litefiso tse patiloeng?
  • Ho etsahala'ng maemong a matle (ke hore, topollo ea batho ba bangata)?
  • Na mekhoa ea topollo e hlakile ebile e ka qobelloa ka molao?

 

Matšoenyeho ana a bonahatsa melaoana ea khale ea e-chelete, moo ba fanang ka thepa ba tlamehang ho boloka litiisetso tsa topollo le li-buffers tsa mokelikeli.

Kotsi ea Tsamaiso le Botsitso ba Lichelete

Ha li-stablecoins li ntse li hōla ho ba lisebelisoa tsa bohlokoa tsa ho lefa, li ka ama botsitso ba lichelete, haholo-holo haeba li kopantsoe le:

  • Libanka kapa lichelete tsa 'maraka oa lichelete
  • Marang-rang a barekisi ba lefatše kapa liporo tsa likarete
  • Mekhoa ea bolulo ea sechaba kapa ea poraefete

Ketsahalo ea depeg kapa ho boloka ho se lumellane ho mofani e moholo ho ka baka tšabo e pharaletseng, tšitiso ea 'maraka, kapa tšoaetso-e ts'oanang le ts'ebetso ea banka.

Libanka tse bohareng le balebeli ba lichelete (mohlala, Federal Reserve, BIS, ECB) hona joale ba beha leihlo li-stablecoins e le baemeli ba lichelete bao e seng ba banka (NBFIs).

Tšireletso ea Bareki & Bomenemene

Ka limilione tsa basebelisi ba mabenkele le kamohelo e ntseng e eketseha ea lichelete, litefo tsa barekisi, le lihlahisoa tsa polokelo, li-stablecoins li kena tlas'a melao ea tšireletso ea bareki. Litaba tsa bohlokoa:

  • Papatso e fosahetseng (mohlala, "e tšehelitsoe ka botlalo" ha mehloli ea chelete e sa fella)
  • Litheko tse sa fihlelleheng kapa tse liehang ho lopolloa
  • Tahlehelo ea lichelete ka lebaka la ho hloka chelete, puso e mpe, kapa bomenemene

 

Balaoli ba batla hore barekisi ba stablecoin ba senole likotsi ka ho hlaka, ba be le inshorense kapa litiisetso, 'me ba latele litekanyetso tsa lichelete le tsa puso joaloka mekhatlo ea lichelete e nang le tumello.

Lichelete tse seng molaong, likotlo le AML

Li-Stablecoins li tsamaisa boleng ka potlako le lefats'e ka bophara, hangata ka ntle ho litsela tsa setso tsa banka. Sena se bula monyetla oa ho qoba likotlo, ho qhekella chelete ka bokhukhuni, le ho tšehetsa lichelete tsa bokhukhuni, haholo-holo ka:

  • Li-wallet tse ikemetseng tse nang le bofokoli KYC lithibelo
  • Marokho a marang-rang a patang litsela tsa transaction
  • Bafani ba kantle ho naha ba nang le taolo e fokolang

 

Hona joale balaoli ba tiisa hore ho latela Molao oa Maeto mabapi le phetisetso ea stablecoin, ho sutumelletsa ho kopanngoa ha analytics blockchain, le ho holisa litekanyetso tsa KYC/AML bakeng sa bafani le sethala.

Regulatory Arbitrage & Jurisdictional Risk

Bafani ba Stablecoin hangata ba ingolisa libakeng tse nang le bolebeli bo fokolang, bo ba lumellang ho fokotsa bahlolisani ba laoloang. "Peiso ho ea tlase" ena e baka maemo a sa lokang mme e phahamisa kotsi ea tsamaiso.

Ka lebaka leo, limmaraka tse kholo tse kang EU (tlas'a MiCA), US (tlas'a likoloto tsa stablecoin), Singapore (tlas'a PSN02), le Japane hona joale li hloka ho ngolisoa ha libaka, liphuputso le tlaleho-'me li ntse li tsoela pele ho tšoara li-stablecoins e le e-chelete kapa lisebelisoa tsa ho lefa, eseng feela li-tokens tsa crypto.

Ka lebaka lena, balaoli ba sutumelletsa li-stablecoins ka har'a meralo joalo ka chelete ea elektroniki (e-chelete) kapa lits'ebetso tsa ho lefa ho fapana le li-tokens tse inahaneloang.

Merero ea Taolo ea hajoale le e Hlahang

Matšoenyeho ana ke a susumetsang ka kotloloho karabelo ea taolo ea lefats'e, moo libaka tse fapaneng li nkang meralo e ipapisitseng le litsamaiso tsa tsona tsa lichelete. Stablecoin melao ea converging maleban ditefello / e-chelete mokhoa okametsoeng: 1: 1 mehloli ea boleng bo phahameng, topollo ka ho lekana, liphatlalatso audited, laesense, le AML/Travel Rule taolo. 

Nako le ho tiea li ntse li fapana ho ea ka libaka, empa tataiso e hlakile: haeba u ntša kapa u kopanya li-stablecoins, lebella boikarabelo ba banka, eseng melao ea "crypto-feela".

United States: Molao oa GENIUS (2025)

Haufinyane US e fetisitse molao oa eona oa pele oa federal o shebaneng ka kotloloho le li-stablecoins: Molao oa Tataiso le ho Theha National Innovation for US Stablecoins Act (Molao oa GENIUS), e saennoe hore e be molao ka July 18, 2025. Sena se etsa hore US e be moruo o moholo oa morao-rao ho theha melao ea eona ea stablecoin. 

Lintlha-khōlō Tsa:

  • Molao o theha tsamaiso ea taolo ea mmuso, e hlokang 100% ho boloka ho baka ka thepa ea metsi joalo ka lidolara tsa Amerika kapa Matlotlo a nako e khuts'oane. 
  • Matlotlo a bolokiloeng a tlameha ho aroloa 'me a se ke a kopana le lichelete tsa mofani oa hae (ntle le mekhelo e fokolang) 
  • Bahlahisi ba tlameha ho ba le bokhoni ba tekheniki ba ho ts'oara, ho homisa kapa ho chesa li-stablecoins ha ho hlokahala ka molao. 
  • Batho ba nang le li-stablecoins ba fumana chelete ea pele ea ho hula chelete ho feta batho ba bang ba kolotoang ha ba insolvency. 
  • Molao o thibela bafani ba stablecoin ho ts'episa tsoala kapa lihlahisoa ho beng ba tsona feela bakeng sa ho ts'oara li-stablecoins. 

 

Molao oa GENIUS ha e le hantle o sebetsana le li-stablecoins tsa ho lefa joalo ka lisebelisoa tsa lichelete tse laoloang (ho tšoana le e-chelete) le ho fetola taolo libakeng tsa libanka/taolo. 

E lokela ho qala ho sebetsa matsatsi a 120 kamora hore melaoana ea ts'ebetsong e fanoe kapa ka la 18 Pherekhong 2027, ho sa tsotelehe hore na ke efe e tlang pele. 

Ho fihlela ka nako eo, bafani ba stablecoin le bakena-lipakeng ba sebetsa sebakeng se sa hlakang: melao ea mmuso e fetisang chelete, melao ea banka le melao e teng ea lichelete e tlatsa likheo. 

European Union: Likarolo tsa MiCA & Token

Tlas'a EU, Maraka a Crypto-Assets Regulation (MiCA) ke molao o ka sehloohong oa thepa ea crypto, 'me li-stablecoins li arotsoe ka tlas'a:

  • Li-Tokens tsa E-Money (EMT) - li-stablecoins tse khomaretsoeng ho chelete e le 'ngoe ea fiat (mohlala, euro)
  • Letlotlo-Reference Tokens (ART) - li-tokens tse tšehelitsoeng ke baskete ea thepa kapa tebeletso ho kenyelletsa mohlala, fiat, commodities, crypto assets.

Puso ea MiCA e ile ea sebetsa bakeng sa mefuta ena ea li-tokens bohareng ba 2024. 

MICA e hloka bafani ba stablecoin ho boloka mehloli, ho fana ka litlhahlobo tsa kamehla, ho khomarela boitlamo ba ho senola, le ho lumellana le litlhoko tsa topollo. 

Habohlokoa, MiCA ha e hloke hore ho be le lihlopha tse arohaneng tsa li-stablecoins ho feta mefuta eo ea li-tokens-e li tšoara e le lihlopha tsa li-tokens tse nang le melao e itseng. 

Ha ho bapisoa mebuso ea US le EU, likhohlano tse ling tsa bohlokoa lia hlaha: US e khetha "pay stablecoins" ka mokhoa o ts'oanang le e-money, athe EU e se e ntse e e-na le mohopolo oa token ea e-money. 

Singapore - Moralo oa MAS Stablecoin

Moralo oa ho qetela oa Bolaoli ba Lichelete oa Singapore o sebetsa ho Single-Currency Stablecoins (SCS) e khomaretsoeng ho SGD kapa chelete ea G10. Ho sebelisa leibole ea "MAS-regulated stablecoin", bafani ba tlameha ho lula Singapore, ba boloke boleng ba boleng bo holimo, ba kotsi e tlase, ba fihlelle topollo ka nako e behiloeng, ba phatlalatse bopaki, 'me ba lumellane le melao ea AML/Travel Rule.

Hong Kong - Molao oa Stablecoins (2025)

Molao oa Stablecoins oa Hong Kong (o fetisitsoeng ka la 21 Motšeanong, 2025) o thehile tsamaiso ea ho fana ka laesense ea Bolaoli ba Chelete ba Hong Kong bakeng sa bafani ba stablecoin ba bonts'itsoeng. Tsamaiso, e qalileng ka la 1 Phato, 2025, e beha litlhokahalo tsa boleng ba polokelo, mekhoa ea topollo, taolo le taolo ea likotsi.

Korea Boroa - Ho fetela ho Puso ea Won-Stablecoin

Korea hajoale e sebetsana le li-stablecoins tlasa Molao oa Ts'ireletso ea Letlotlo la Virtual e se nang molao o inehetseng oa stablecoin o ntseng o sebetsa. Leha ho le joalo, baetsi ba melaoana ba ntse ba ntšetsa pele litlhahiso tsa li-stablecoins tse hlonngoeng ke won, le tse ncha. Digital Asset Basic Act (DABA), e fetisitsoeng ka Phuptjane 2025, e bonts'a motsamao o lebisang mokhoeng oa ho fana ka mokhoa oa banka le taolo e matla mabapi le kabo ea lichelete tsa tšepe tsa kantle ho naha.

Lebella ho sisinyeha ho ea ho mokhoa oa ho fana ka mokhoa oa banka le taolo e matla ea ho ajoa ha lichelete tsa tšepe tsa kantle ho naha (USDT/USDC). Rera melao ea polokelo, topollo, le phatlalatso e tsamaellanang le tlhokomeliso ea litefo.

Japane - Molao oa Litšebeletso tsa Tefo (o sebetsa)

Ho tloha ka Phuptjane 2023, Japane e ntse e khetholla li-stablecoins tse ling e le "lisebelisoa tsa ho lefa tsa elektroniki" tlasa Molao oa Litšebeletso tsa Tefo. Hangata ba fanang ka litšebeletso ba lekanyelitsoe libankang tse nang le laesense, lik'hamphani tsa trust, kapa bafani ba litšebeletso tse ngolisitsoeng tsa phetisetso ea letlole, ba nang le taolo e thata, tlhahiso, le taolo ea AML. 

Phano/kabo e tlameha ho feta mekhatlong ea lichelete e laoloang; lebella melao e hlokolosi ea thepa le tlhokomelo e matla ea tšireletso ea bareki.

Middle East - UAE (Dubai) & Bahrain E etellang pele

  • Dubai (UAE) - Libuka tsa Melao tsa VARA: Dubai's Virtual Assets Regulatory Authority e hlalosa Fiat-Referenced Virtual Assets (FRVA) le Asset-Referenced Virtual Assets (ARVA) e le liphatlalatso tsa Sehlopha sa 1 se hlokang ho fana ka laesense, tumello ea pele, liphatlalatso tsa pampiri e tšoeu, le tšehetso ea 100% ka tlaleho e tiileng e tsoelang pele.

  • Bahrain - CBB Module SIO (2025): Banka e Bohareng ea Bahrain e fane ka mojule o inehetseng oa Stablecoin Issuance & Offering, o lumellang li-stablecoins tse tšehelitsoeng ke fiat (ho kenyeletsoa BHD le USD) tse nang le litlhoko tsa laesense, polokelo le phatlalatso.

Kou ea Kou e iponahatsa e le setsi sa phano e nang le laesense e nang le litsela tse potlakileng tsa ho amoheloa ho feta tsa Bophirima, empa e na le polokelo e kang ea banka le litebello tsa tlaleho.

Likotsi le Liphephetso ho Baphatlalatsi le Bakena-lipakeng

Leha ho na le meralo e teng, ts'ebetso ea stablecoin e tobana le li-vector tse ngata tse kotsi. Joaloka opareitara kapa mofani oa thepa, mona ke tse ling tsa lintlha tsa bohloko tseo u lokelang ho li shebella:

kotsi

Tšusumetso e ka Bang

Reserve Insufficiency / Mismatch

Haeba libolokelo li sa lumelloe kapa li theoha ka boleng, li ka sitisa ho lopolloa kapa ho ts'epa. Tlhahlobo le ponaletso li bohlokoa.

Liquidity Crunch in Stress

Nakong ea khatello ea 'maraka, topollo e ka' na ea eketseha. Ntle le li-buffers tse matla tsa mokelikeli, ba fanang ka thepa ba ka 'na ba se finyelle boitlamo.

Litsela tse sa tsitsang tsa taolo le Kotsi ea ho Khutlela morao

Ho etsa melao ho tla ntlafatsa GENIUS, MiCA, le melao e meng. Likheo kapa litlhaloso tse sa tsitsang li ka lebisa ho makaleng a ts'ebetsong.

Tekheniki Audits & Custody

Kaha melao e hloka bokhoni ba mofani oa ho hoamisa kapa ho nka li-tokens, puso ea botekgeniki, litsela tsa ntlafatso, 'me ts'ireletso e fetoha thepa ea molao. Sena se kenyelletsa li-tokens tsa li-wallet tse sa laoleheng le tseo e seng tsa tlhokomelo ho latela litaelo tse molaong.

Likhohlano tsa libaka tse fapaneng

Tlhahiso sebakeng se seng empa basebelisi sebakeng se seng e baka melao e hanyetsanang. Molao oa GENIUS, mohlala, o na le molao o hlakileng oa kantle ho naha, o sebetsang ho mofani ofe kapa ofe oa kantle ho naha ea fanang ka kapa ho rekisa li-stablecoins ho motho oa US. 

Tšepo ea mosebelisi le botumo

Ho hloleha hofe kapa hofe ho ts'ehetsa kapa ho lopolla ho baka tšenyo ea botumo. Likopo tsa ho bapatsa li tlameha ho nepahala (mohlala, ha li khone ho kopa FDIC kapa tšehetso ea mmuso oa US) 

Litšebelisano le DeFi & composability

Haeba li-stablecoins li sebelisoa ho alima chelete, li-protocol, kapa li-protocol tsa lihlahisoa, boikarabelo ba taolo bo ka 'na ba otlolla boitšoarong bo rarahaneng ba lichelete. Mohlala, Molao oa GENIUS o thibela ka ho hlaka bafani ho fana ka tsoala kapa kotulo ho li-stablecoins feela bakeng sa ho boloka letlotlo.

Seo Basebelisi le Baphatlalatsi ba Lokelang ho se Etsa Hona Joale

'Mapa oa Tsela bakeng sa Boitokisetso le Tumellano

  1. Leano la pele la tumello.
    'Mapa o shebane le libaka le ho lekola hore na laesense ea mmuso, naha, kapa tikoloho ea hlokahala, haholo tlasa meralo e joalo ka Molao oa GENIUS oa US kapa MiCA ho EU.

  2. Litaolo tsa ho boloka chelete le lichelete.
    Li-portfolio tsa polokelo ea moralo hore li be le metsi a mangata 'me li bolokehe. Kenya ts'ebetsong mekhoa ea ho lekola tlhoko ea topollo le ho boloka ts'epo mabapi le bokhoni ba topollo.

  3. Mafaratlhatlha a tekheniki le tsamaiso.
    Ntlafatsa bokhoni ba tekheniki ba ho homisa, ho ts'oara, kapa ho chesa li-tokens ka kopo e molaong, joalo ka ha ho hlokeha tlasa meralo e kang Molao oa GENIUS.
    Theha litsela tse matla tsa ntlafatso, taolo ea litekeno tse ngata, phihlello ea mohlahlobi, le lits'ebetso tsa puso tse pepeneneng.

  4. Ho hlahloba, ho senola, le ho tlaleha.
    Phatlalatsa litatemente tsa khoeli le khoeli tsa polokelo, litlhahlobo tse ikemetseng tsa pokello ea chelete, data ea ho rekolla, le liphetho tsa tlhahlobo ea khatello ea maikutlo ho latela melao e sebetsang le litebello tsa taolo.

  5. Ho lumellana le AML / Ho kopanya Molao oa Maeto.
    Kopanya litsamaiso tsa netefatso ea boitsebiso (KYC), tlhahlobo ea transaction and sanctions, Travel Rule compliance, le suspicious activity reporting (SARs).

  6. Leano la ho tšela moeli.
    Rera litokelo tsa taolo tsa kantle ho naha, joalo ka litlhokahalo tsa US tse sebetsang ho bafani ba kantle ho naha ba sebeletsang basebelisi ba US.
    Nahana ka ho hlophisa liphaello tse fapaneng sebakeng ka seng ho laola litsamaiso tse fapaneng tsa taolo.

  7. Lipuisano tsa basebelisi le tumellano ea papatso.
    Netefatsa hore lisebelisoa tsohle tse shebaneng le basebelisi li hlakile ebile lia lumellana.
    Qoba likopo tse khelosang, 'me u senole ka ho hlaka matlotlo a tšehetsoang, litokelo tsa topollo, maemo a taolo, le likotsi tse amanang le tsona.
    Se ke oa fana ka maikutlo kapa ho kopa tšehetso ea mmuso ntle le haeba e fanoe ka ho hlaka.

  8. Ho kenya letsoho indastering le ho kenya letsoho ha molao.
    Libakeng tse kang US, balaoli (mohlala, Polokelo ea Lichelete tlas'a moralo oa GENIUS) ba ntse ba batla maikutlo a sechaba mabapi le ho etsa melao.
    Kopana esale pele le baetsi ba melaoana ho susumetsa moralo oa taolo le ho lula pele ho nts'etsopele ea ho latela melao.

Sena se Bolela'ng ho Likhoebo le Bahoebi

Melao ea Stablecoin e fetola li-stablecoins ho tloha "crypto-convenience" ho ea ho melao e laoloang ea lichelete. Phetoho eo e tlisa litsela tse hlakileng tsa ho qala le ho sebelisana le libanka-hammoho le litekanyetso tse phahameng tsa ts'ebetso. Haeba u fana ka, etsa lethathamo, tlhokomelo, kapa u haha ​​​​ka li-stablecoins, ke kamoo naha e ncha e fetolang buka ea hau ea ho bapala:

Ho ba le bonnete bo eketsehileng bakeng sa lihlahisoa tse thehiloeng ho stablecoin

Ha mebuso e ntse e tsoela pele, o ka rala litefo, likalimo, le phallo ea khoebo khahlano le litlamo tse hlalositsoeng (lipolokelo, li-SLA tsa topollo, liphatlalatso). Melao e hlakileng e fokotsa ho se hlaka ho molaong le ho khutsufatsa nako ea thekiso ea likhoebo le libanka, li-PSP le barekisi.

Litšenyehelo tse phahameng tsa ho latela melao-empa mokhoa o matla oa ho tšepa

Lebella tšebeliso e tsoelang pele bakeng sa lihlahlobo / bopaki, molao, taolo ea polokelo, le li-buffers tsa capital. Taba e ka holimo: Ho latela melao e tšepahalang ho notlolla libanka tse betere, likhoebo tse betere, le litekete tse kholoanyane. Bakeng sa B2B, litšenyehelo li fetoha phapang ea khoebo, eseng moroalo feela.

Ho latela melao pele ho nako = trust premium

Bahlahisi le liforomo tse fihlelang litekanyetso tse ncha pele li tla hapa kabo le likhokahano (marang-rang a likarete, li-PSP, matlotlo a khoebo). Lipolokelo tse pepeneneng, ho lopolloa ka potlako, le phetoho e hloekileng ea ho phahamisa papatso le ho fokotsa tsitsipano.

Lithibelo tse ntseng li phahama tsa ho kena

Ho fana ka laesense, ho boloka melao ea boleng, le taolo ea ts'ebetso li tla fokotsa lebala. Batho ba fihlang morao ba tobane le litlhoko tse phahameng tsa chelete, linako tse telele, le boikitlaetso bo matla ba banka. Litšebelisano (co-issuance, white-label) e ba tsela e potlakileng ea ho ea 'marakeng.

Stablecoins e fetoha liporo tsa mantlha tsa ho rarolla mathata

Ka mekhoa ea ho lefa-stablecoin, lebella ho kopanngoa ha banka e tebileng le fintech, lifensetere tsa bolulo tse haufi-ufi, le ho fumaneha ha 24/7. Seo se ntlafatsa taolo ea chelete, phallo ea maliboho, le ho thella / off-ramp UX - 'me se sutumelletsa ts'ebetso ea lidolara tse ngata ho ketane.

Lintlha tsa ts'ebetso bakeng sa basebelisi

  1. Lilaesense tsa 'mapa bakeng sa limmaraka tseo u li batlang.
  2. Moenjineri 1: 1 mananeo a polokelo ea boleng bo holimo a nang le li-ops tsa letsatsi le letsatsi le bopaki ba khoeli le khoeli.
  3. Theha li-SLA tsa thekollo le liteko tsa khatello ea maikutlo.
  4. Embed Travel Rule + likotlo qetellong-ho-qetellong.
  5. Lokisetsa liphatlalatso le papatso ho buka ea melao-ha ho na litiiso tse boletsoeng.

 

Taolo ea Stablecoin e phahamisa fatše ka polokeho le ho senola. Ha o ka tsetela pele ho latela melao, o fumana kabo, tshepo ya setheo, le meputso e tshwarellang; haeba u lieha, u tla qothisana lehlokoa le theko ntle le balekane bao u ba hlokang.

Theha Setsi sa Ecosystem ea Thepa ea Digital e lumellanang le ChainUp

Ha melao ea stablecoin e ntse e tsoela pele, bokhoni ba ho tsamaea ka potlako le ho lula bo lumellana le bona bo tla hlalosa ba hlōlang sebakeng sena. 

ChainUp e fana ka litharollo tse felletseng bakeng sa likhoebo ho qala, ho laola, le ho lekanya ts'ebetso ea thepa ea bona ea dijithale libakeng tsohle, ha e ntse e fihlela litlhoko tsa bohlokoa tsa taolo joalo ka Molao oa Maeto, litekanyetso tsa AML/KYC, le litlamo tsa tlaleho bakeng sa matlotlo a fapaneng a dijithale, ho kenyeletsoa le stablecoins.

Se ke oa sheba sebaka sena se rarahaneng u le mong. Ikopanye le ChainUp ho ngolla mohala oa ho sibolla le ho boloka leano la hau bakeng sa bokamoso bo laoloang

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Monghali Ooi ke Molula-setulo oa mehleng oa Boto ea Batsamaisi ea Banka ea OCBC, Singapore. O sebelitse e le Moeletsi ea Khethehileng Bank Negara Malaysia mme, pele ho moo, e ne e le Motlatsi oa 'Musisi le Setho sa Boto ea Batsamaisi.

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