❗️Ms. Liu Yu of Round Coin Technology "Stablecoin Storm: Power Games and Landscape Reshaping"
At the 11th Global Blockchain Summit, Ms. Liu Yu, CEO of Round Dollar Technology, delivered a speech titled "Stablecoin Storm: Power Game and Landscape Reshaping". She provided an in-depth analysis of the regulatory dynamics, competitive landscape, and future trends of the global stablecoin market.
Below is a summary of the key points from Ms. Liu Yu's speech:
Round Dollar Technology Liu Yu: Web3 Payments - Power Game and Landscape Reshaping Key Points
At the 11th Global Blockchain Summit, Ms. Liu Yu, CEO of Round Dollar Technology, delivered a speech titled "Web3 Payments: Power Game and Landscape Reshaping". Below is a summary of the key points:
| Dimension | Key Points |
|---|---|
| Global Regulation | More than 45 countries or regions have initiated or implemented stablecoin regulations. The implementation of Hong Kong's "Stablecoin Issuer Regulatory Bill" has set a compliance benchmark for the industry. |
| Application Scenarios | Application scenarios have expanded from exchanges and DeFi to B2B, B2C, card payments, and cross-border settlements and other broader areas. |
| Competitive Landscape | The market shows a "alliance" development trend, with issuers and traditional payment networks extending upstream and downstream. However, in the long run, the global nature of blockchain will ultimately achieve interconnectivity between networks. |
| Future Outlook | The future stablecoin market will form a "few superpowers, many strong players" landscape, dominated by a few giants, with regional stablecoins occupying a niche in specific markets. |
| Architecture Evolution | The boundaries between the four layers of stablecoins (application layer, on/off-ramp layer, asset layer, and clearing layer) will gradually blur, potentially leading to the emergence of **"super apps"** similar to internet finance. |
| Regional Development | Regional, non-USD-dominated compliant stablecoins will have significant market potential in their corresponding fiat currency circulation regions. |
More Information
· Conference Background: Ms. Liu Yu's speech took place at the 11th Global Blockchain Summit held at the Hyatt on the Bund in Shanghai on October 23, 2025. The summit was hosted by Wanxiang Blockchain Labs, with this year's theme being "Web3, Boundless," bringing together experts, scholars, and business leaders from the global blockchain industry.
· Round Dollar Technology is actively expanding into the stablecoin sector, with its official website displaying the words "HKD stablecoin HKDR (coming soon)." As the company's CEO, Ms. Liu Yu has publicly stated that the company will fully promote and is confident in successfully obtaining the relevant licenses.
Access to Virtual Asset Trading: $GUOTAI JUNAN I(01788.HK) , $Futu(FUTU.US), $FOSUN INTL(00656.HK)$CM BANK(03968.HK) , $VICTORY SEC(08540.HK), etc.;
Stablecoin Issuer Applicants: Round Dollar Technology-related ($ZA ONLINE(06060.HK) , $GOFINTECH QUANT(00290.HK), $Z FIN(01168.HK), etc.), $JD-SW(09618.HK) , $STANCHART(02888.HK) , domestic state-owned enterprise applicants, etc.;
Hong Kong Virtual Asset Exchanges (VATP License Holders):$OSL GROUP(00863.HK) , $HKE HOLDINGS(01726.HK)$LIANLIAN(02598.HK) , $Futu(FUTU.US) , $PUXING ENERGY(00090.HK) (Hashkey shareholder);
Stablecoin Downstream Application Scenarios:$YEAHKA(09923.HK) , $GOLDSTREAM INV(01328.HK) , $LIANLIAN(02598.HK)
RWA Related:$CRYPTO FLOW(08198.HK) , $SENSETIME-W(00020.HK) , $ETHK LABS INC.(01931.HK) , $PHANCY(06682.HK) , $LINEKONG(08267.HK) , $RUIFENG RENEW(00527.HK) , $FOSUN INTL(00656.HK), $GOFINTECH QUANT(00290.HK) , $SYNAGISTICS(02562.HK), $YUNFENG FIN(00376.HK) , $DL HOLDINGS GP(01709.HK), $EASOU TECH(02550.HK) , $VOBILE GROUP(03738.HK), $CMGE(00302.HK) , $GCL TECH(03800.HK) , $LINKLOGIS-W(09959.HK), $COOLPAD GROUP(02369.HK) , $GREENLAND HK(00337.HK) , $DMALL(02586.HK)
US-listed Stablecoin Direct Issuers: $Circle(CRCL.US)
US-listed Trading Platforms and Ecosystem Partners: $Coinbase(COIN.US), $Robinhood(HOOD.US)
US-listed Traditional Financial Institutions Expanding into Stablecoins: $JPMorgan Chase(JPM.US), $Bank of America(BAC.US) , $Interactive Brokers(IBKR.US) , $Citigroup(C.US)
US-listed Innovative Technology and Infrastructure Companies: $Mega Matrix(MPU.US)
US-listed Payment and Fintech Companies: $Paypal(PYPL.US) , $SoFi Tech(SOFI.US) , $Visa(V.US)
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