[Professor David LEE Kuo Chuen] The impact of stablecoins on traditional enterprises: Policy, Regulation, Technology, Risks & Opportunities

2025 Earning Season: Major Banks’ Stablecoin Plans

Regulatory Landscape

• US (GENIUS Act): 100% cash reserves, 48-hour redemption.
• HK (SC Ordinance): Allows RMB-backed stables, 5-day redemption.
• Singapore (MAS): Bans algorithmic stables, mandates segregation.

Tech Adoption Drivers

• Cost Savings: 0.1% fees (vs. 3% for SWIFT).
• Speed: Settlements in seconds (vs. days).
• Automation: Smart contracts for payroll/supply chains.

Key Risks

• Regulatory Risk: Bans/licensing delays.
• Depegging: USDC’s $0.87 drop (2023).
• Hacks: $2B stolen in 2024 (Nomad, Euler).

Enterprise Opportunities

• Treasury Yield: 4% APY on USDC reserves.
• Tokenization: BlackRock’s $500M BUIDL fund.
• Web3 Commerce: Nike’s $185M Cryptokicks.

“Adapt or Be Disrupted”

• Action 1: Audit compliance (reserves, licenses).
• Action 2: Pilot USDC payments.
• Action 3: Monitor CBDCs.

https://www.linkedin.com/posts/david-lee-kuo-chuen-%E6%9D%8E%E5%9B%BD%E6%9D%83-cftp-07750baa_stablecoins-blockchain-fintech-activity-7356732426900922371-6ITp?utm_source=share&utm_medium=member_desktop&rcm=ACoAAE_EU0EBgQehuLK2hm3Vbawypc5SyhwtDkE