Placeholder. Removed automatically at launch.
Stablecoin rules across five markets, side by side
Who may issue, what reserves must hold, and who may sell to the public, compared market by market.
Hong Kong has licensed the most issuers so far
Licensed stablecoin issuers, by market Illustrative
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| Market | Who may issue | Reserves | Sold to the public |
|---|---|---|---|
| SG | Lorem ipsum dolor | Sit amet consectetur | Adipiscing elit |
| HK | Lorem ipsum dolor | Sit amet consectetur | Adipiscing elit |
| TW | Lorem ipsum dolor | Sit amet consectetur | Adipiscing elit |
| KR | Lorem ipsum dolor | Sit amet consectetur | Adipiscing elit |
| JP | Lorem ipsum dolor | Sit amet consectetur | Adipiscing elit |
Lorem ipsum dolor sit
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Aute sit velit ipsum velit duis fugiat et ea dolore lorem aliquip proident amet sint id. Mollit duis consectetur cillum consequat amet sint sint ex dolore proident amet qui dolore et excepteur occaecat. Labore sint esse aliquip ea qui nostrud amet ex anim fugiat aliqua. Voluptate velit esse incididunt amet reprehenderit do minim dolore.
Reserve rules have converged since 2025
Markets requiring full reserves in cash and short-term government debt Illustrative
Consectetur adipiscing
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