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Crypto Firms Should Look East for Growth Opportunities As USD Dominance Wavers

The following is a guest post from BTSE CEO Henry Liu.

With the future of USD-pegged stablecoins looking uncertain due to regulatory pressures in the US, crypto companies are starting to look to Asia as a new growth opportunity. Asia offers clearer regulatory frameworks, successful government and public-private partnerships, and the capital to support an influx of Web3 projects.

Hong Kong, Japan, and Singapore have already introduced or proposed rules for stablecoins, while South Korea is investing $200M in its metaverse ecosystem. Asia is becoming a major emerging contender for the crypto industry to call home and shape the future of stablecoins and crypto finance.

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