Data: One week after the implementation of the Hong Kong stablecoin regulations, the scale of the local over-the-counter trading market plummeted by approximately 32.94%

According to ChainCatcher, Bitrace monitoring data shows that one week after the implementation of the stablecoin regulations in Hong Kong, the scale of the local over-the-counter trading market has decreased by approximately 32.94%.

Specifically, the daily USDT transfer volume of commercial addresses for store-type service providers has decreased by 43.20%, from 9.47 million to 5.38 million; while the transfer volume of commercial addresses for non-store-type service providers has decreased by 30.65%, from 42.57 million to 29.52 million.