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UK's Financial Authorities Seek Feedback on Stablecoin Regulation Framework

The FCA and the Bank of England are calling for industry feedback on their proposed stablecoin regulation framework, aimed at targeting systemic payment systems and ensuring financial stability. The move marks a significant step in the UK’s efforts to establish a safe and regulated environment for digital currencies.

Stablecoin Ecosystem Holds Firm Despite Lackluster Activity

The stablecoin economy has shown resilience despite a relatively lackluster performance over the past 30 days, with fluctuations slightly above or below the $124 billion mark. In the past 24 hours, the global trade volume for fiat and commodity-pegged tokens reached an impressive $11.55 billion.

DeFi Economic Activity Declines in August

The decentralized finance (DeFi) sector experienced a notable decline in economic activity in August, with trading volumes across DeFi protocols dropping to $52.8 billion, marking a 15.5% decrease from July.

Justin Sun Speaks at the Milken Institute Asia Summit

In a recent event, Justin Sun, the founder of TRON and a member of the HTX Global Advisory Committee, was a prominent figure at the 2023 Milken Institute Asia Summit held on September 14. During this event, Sun had an in-depth conversation with Kirk Wagar, the President of Wagar Global Advisors and Former Ambassador of the US to Singapore.