British media claims that stablecoins carry hidden risks and may provide opportunities for money laundering

According to Golden Finance, US President Trump signed the stablecoin regulation bill on the 18th, which is the first stablecoin legislation at the federal level in the United States. However, the development of stablecoins carries hidden risks and how they will reshape the financial ecosystem has attracted attention. The Financial Times of the UK stated that the cross-border flow of funds in stablecoins is anonymous, making it difficult for regulatory agencies to effectively track the flow of funds and accurately count the size of funds. This provides an opportunity for illegal financial activities such as money laundering, greatly increasing the difficulty of regulation. In countries and regions with weak financial systems, the widespread use of stablecoins will inevitably have a strong impact on the local financial system. Once a stablecoin crisis occurs, it is highly likely to trigger a chain of market trust crises, leading to the outbreak of run risks.