Data: Hong Kong's OTC market size drops by approximately 32.94% one week after stablecoin regulations take effect

According to ChainCatcher, Bitrace monitoring data shows that one week after the implementation of Hong Kong's stablecoin regulations, the size of the local over-the-counter trading market has dropped by approximately 32.94%.

Specifically, the average daily USDT transfer volume at commercial addresses of store-based service providers fell by 43.20%, from 9.47 million to 5.38 million; while the transfer volume at commercial addresses of non-store-based service providers decreased by 30.65%, from 42.57 million to 29.52 million.