After the implementation of the Hong Kong stablecoin regulation, the scale of over-the-counter trading has decreased by about 33%

According to Bitrace data, within one week of the implementation of the Hong Kong stablecoin regulations, the size of the local over-the-counter trading market decreased by approximately 32.94%. Among them, the daily USDT transfer volume of store service providers decreased by 43.20%, while the transfer volume of non store service providers decreased by 30.65%.