{"id":66189,"date":"2026-03-30T08:48:45","date_gmt":"2026-03-30T01:48:45","guid":{"rendered":"https:\/\/hbbgroup.net\/stablecoin-payments-go-invisible-in-southeast-asia-as-crypto-card-business-surges\/"},"modified":"2026-03-30T09:02:09","modified_gmt":"2026-03-30T02:02:09","slug":"stablecoin-payments-go-invisible-in-southeast-asia-as-crypto-card-business-surges","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/stablecoin-payments-go-invisible-in-southeast-asia-as-crypto-card-business-surges\/","title":{"rendered":"Thanh to\u00e1n b\u1eb1ng stablecoin \u0111ang tr\u1edf n\u00ean \u201cv\u00f4 h\u00ecnh\u201d t\u1ea1i \u0110\u00f4ng Nam \u00c1 khi m\u1ea3ng kinh doanh th\u1ebb crypto b\u00f9ng n\u1ed5."},"content":{"rendered":"
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StraitsX, c\u00f4ng ty c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Singapore, \u0111\u00e3 ghi nh\u1eadn t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh trong ch\u01b0\u01a1ng tr\u00ecnh th\u1ebb stablecoin, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng g\u1ea5p 40 l\u1ea7n v\u00e0 s\u1ed1 l\u01b0\u1ee3ng th\u1ebb ph\u00e1t h\u00e0nh t\u0103ng g\u1ea5p 83 l\u1ea7n trong giai \u0111o\u1ea1n 2024\u20132025.<\/p>\n

Ng\u00e0y 29\/3\/2026, 7:00 t\u1ed1i<\/p>\n

Make preferred on <\/a><\/p>\n<\/div>\n

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Khi m\u1ed9t du kh\u00e1ch t\u1eeb Bangkok ch\u1ea1m \u0111\u1ec3 thanh to\u00e1n t\u1ea1i Singapore b\u1eb1ng v\u00ed \u0111i\u1ec7n t\u1eed Th\u00e1i Lan c\u1ee7a m\u00ecnh, h\u1ea7u nh\u01b0 kh\u00f4ng ai d\u1eebng l\u1ea1i \u0111\u1ec3 ngh\u0129 xem \u0111i\u1ec1u g\u00ec \u0111ang v\u1eadn h\u00e0nh giao d\u1ecbch \u0111\u00f3 \u1edf ph\u00eda sau.<\/p>\n

Nh\u01b0ng v\u1edbi StraitsX c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Singapore, \u0111\u01a1n v\u1ecb \u0111\u1ee9ng sau h\u1ea1 t\u1ea7ng stablecoin v\u1eadn h\u00e0nh \u00e2m th\u1ea7m trong h\u1eadu tr\u01b0\u1eddng, ch\u00ednh tr\u1ea3i nghi\u1ec7m li\u1ec1n m\u1ea1ch \u0111\u00f3 m\u1edbi l\u00e0 \u0111i\u1ec1u c\u1ed1t l\u00f5i.<\/p>\n

Trong kho\u1ea3ng th\u1eddi gian t\u1eeb qu\u00fd IV\/2024 \u0111\u1ebfn c\u00f9ng k\u1ef3 n\u0103m 2025, StraitsX ghi nh\u1eadn kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u1ebb t\u0103ng v\u1ecdt g\u1ea5p 40 l\u1ea7n, theo chia s\u1ebb c\u1ee7a \u0111\u1ed3ng s\u00e1ng l\u1eadp ki\u00eam CEO Tianwei Liu v\u1edbi CoinDesk.<\/p>\n

S\u1ed1 l\u01b0\u1ee3ng th\u1ebb \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh c\u00f2n t\u0103ng nhanh h\u01a1n, t\u0103ng g\u1ea5p 83 l\u1ea7n. D\u1eef li\u1ec7u n\u00e0y cho th\u1ea5y \u0111\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng ch\u01b0\u01a1ng tr\u00ecnh th\u1ebb stablecoin t\u0103ng tr\u01b0\u1edfng nhanh nh\u1ea5t t\u1ea1i \u0110\u00f4ng Nam \u00c1.<\/p>\n

Tuy v\u1eady, c\u00e1c m\u1ee9c t\u0103ng tr\u01b0\u1edfng n\u00e0y c\u1ea7n \u0111\u01b0\u1ee3c \u0111\u1eb7t trong b\u1ed1i c\u1ea3nh c\u1ee5 th\u1ec3. M\u1ed9t trong nh\u1eefng quan h\u1ec7 \u0111\u1ed1i t\u00e1c th\u1ebb crypto l\u1edbn c\u1ee7a StraitsX, v\u1edbi RedotPay, ch\u1ec9 m\u1edbi soft-launch v\u00e0o cu\u1ed1i n\u0103m 2024, cho th\u1ea5y qu\u00fd IV n\u0103m \u0111\u00f3 l\u00e0 giai \u0111o\u1ea1n n\u1ec1n so s\u00e1nh c\u00f2n t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p.<\/p>\n

Tr\u00ean ph\u1ea1m vi r\u1ed9ng h\u01a1n c\u1ee7a ng\u00e0nh th\u1ebb crypto, Artemis Analytics \u01b0\u1edbc t\u00ednh kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch h\u00e0ng th\u00e1ng to\u00e0n c\u1ea7u \u0111\u00e3 t\u0103ng t\u1eeb kho\u1ea3ng 100 tri\u1ec7u USD v\u00e0o \u0111\u1ea7u n\u0103m 2023 l\u00ean h\u01a1n 1,5 t\u1ef7 USD v\u00e0o cu\u1ed1i n\u0103m 2025, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng k\u00e9p h\u00e0ng n\u0103m (CAGR) 106%. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y StraitsX \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng chung c\u1ee7a to\u00e0n th\u1ecb tr\u01b0\u1eddng, ch\u1ee9 kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n v\u01b0\u1ee3t tr\u1ed9i trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111i ngang.<\/p>\n

D\u1eef li\u1ec7u t\u1eeb Dune Analytics cho th\u1ea5y t\u1ed5ng chi ti\u00eau qua th\u1ebb crypto \u0111\u01b0\u1ee3c theo d\u00f5i on-chain \u0111\u00e3 t\u0103ng 420% trong n\u0103m 2025, t\u1eeb kho\u1ea3ng 23 tri\u1ec7u USD v\u00e0o th\u00e1ng 1 l\u00ean 120 tri\u1ec7u USD v\u00e0o th\u00e1ng 12, trong \u0111\u00f3 Visa chi\u1ebfm h\u01a1n 90% kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u1ebb on-chain. Ri\u00eang chi ti\u00eau qua th\u1ebb li\u00ean k\u1ebft stablecoin c\u1ee7a Visa \u0111\u00e3 \u0111\u1ea1t t\u1ed1c \u0111\u1ed9 ch\u1ea1y doanh thu th\u01b0\u1eddng ni\u00ean (annualized run rate) 3,5 t\u1ef7 USD v\u00e0o qu\u00fd IV\/2025, t\u0103ng 460% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc.<\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, RedotPay \u2014 m\u1ed9t trong c\u00e1c \u0111\u1ed1i t\u00e1c t\u00e0i tr\u1ee3 BIN c\u1ee7a StraitsX \u2014 \u0111\u00e3 x\u1eed l\u00fd h\u01a1n 2,95 t\u1ef7 USD kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u1ebb trong n\u0103m 2025, cao h\u01a1n h\u01a1n 4 l\u1ea7n t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng c\u1ee7a 13 \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh g\u1ea7n nh\u1ea5t c\u1ed9ng l\u1ea1i, theo d\u1eef li\u1ec7u hi\u1ec7n c\u00f3. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7t h\u1ea1 t\u1ea7ng c\u1ee7a StraitsX v\u00e0o v\u1ecb tr\u00ed trung t\u00e2m c\u1ee7a doanh nghi\u1ec7p d\u1eabn \u0111\u1ea7u trong ph\u00e2n kh\u00fac n\u00e0y.<\/p>\n

V\u1ea5n \u0111\u1ec1 \u0111\u1eb7t ra l\u00e0 li\u1ec7u c\u00e1c t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u n\u00e0y c\u00f3 c\u00f2n \u0111\u01b0\u1ee3c duy tr\u00ec khi c\u01a1 s\u1edf ng\u01b0\u1eddi d\u00f9ng th\u1ebb d\u1ea7n tr\u01b0\u1edfng th\u00e0nh v\u00e0 s\u1ef1 m\u1edbi l\u1ea1 c\u1ee7a chi ti\u00eau \u0111\u01b0\u1ee3c b\u1ea3o ch\u1ee9ng b\u1eb1ng stablecoin nh\u01b0\u1eddng ch\u1ed7 cho c\u1ea1nh tranh v\u1ec1 t\u00ednh n\u0103ng, ph\u1ea7n th\u01b0\u1edfng v\u00e0 chi ph\u00ed hay kh\u00f4ng.<\/p>\n

S\u1ea3n ph\u1ea9m c\u1ed1t l\u00f5i c\u1ee7a c\u00f4ng ty v\u1eadn h\u00e0nh \u1edf t\u1ea7ng h\u1eadu tr\u01b0\u1eddng. Thay v\u00ec x\u00e2y d\u1ef1ng m\u1ed9t \u1ee9ng d\u1ee5ng h\u01b0\u1edbng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ng\u01b0\u1eddi ti\u00eau d\u00f9ng, StraitsX cung c\u1ea5p h\u1ea1 t\u1ea7ng \u0111\u1ec3 c\u00e1c \u0111\u01a1n v\u1ecb kh\u00e1c ph\u00e1t tri\u1ec3n tr\u00ean \u0111\u00f3. C\u00f4ng ty \u0111\u00f3ng vai tr\u00f2 nh\u00e0 t\u00e0i tr\u1ee3 BIN c\u1ee7a Visa, cho ph\u00e9p c\u00e1c \u0111\u1ed1i t\u00e1c nh\u01b0 RedotPay v\u00e0 UPay ph\u00e1t h\u00e0nh th\u1ebb.<\/p>\n

Khi kh\u00e1ch h\u00e0ng ch\u1ea1m ho\u1eb7c qu\u00e9t \u0111\u1ec3 thanh to\u00e1n b\u1eb1ng nh\u1eefng th\u1ebb n\u00e0y, stablecoin s\u1ebd t\u1ea5t to\u00e1n giao d\u1ecbch theo th\u1eddi gian th\u1ef1c, trong khi ti\u1ec1n ph\u00e1p \u0111\u1ecbnh n\u1ed9i t\u1ec7 \u0111\u01b0\u1ee3c ghi c\u00f3 ngay l\u1eadp t\u1ee9c \u1edf ph\u00eda b\u00ean kia.<\/p>\n

\u201cKh\u00f4ng ng\u01b0\u1eddi d\u00f9ng n\u00e0o quan t\u00e2m giao d\u1ecbch thanh to\u00e1n ch\u1ea1y tr\u00ean stablecoin hay ti\u1ec1n ph\u00e1p \u0111\u1ecbnh; \u0111i\u1ec1u h\u1ecd quan t\u00e2m duy nh\u1ea5t l\u00e0 giao d\u1ecbch c\u00f3 \u0111\u01b0\u1ee3c x\u1eed l\u00fd th\u00e0nh c\u00f4ng hay kh\u00f4ng,\u201d Liu n\u00f3i.<\/p>\n

Quan \u0111i\u1ec3m \u0111\u00f3 \u0111\u1ecbnh h\u00ecnh chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00f4ng ty: khi\u1ebfn l\u1edbp h\u1ea1 t\u1ea7ng stablecoin tr\u1edf n\u00ean \u201cv\u00f4 h\u00ecnh\u201d. StraitsX \u0111\u00e3 x\u1eed l\u00fd g\u1ea7n 30 t\u1ef7 USD t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch stablecoin l\u0169y k\u1ebf, nh\u01b0ng tham v\u1ecdng c\u1ee7a h\u1ecd kh\u00f4ng ch\u1ec9 d\u1eebng \u1edf con s\u1ed1 tuy\u1ec7t \u0111\u1ed1i. Liu mu\u1ed1n stablecoin ho\u1ea1t \u0111\u1ed9ng gi\u1ed1ng nh\u01b0 c\u00e1p quang: hi\u1ec7n di\u1ec7n \u1edf kh\u1eafp n\u01a1i nh\u01b0ng kh\u00f4ng ai \u0111\u1ec3 \u00fd.<\/p>\n

\u0110\u1ebfn cu\u1ed1i th\u00e1ng 3, StraitsX d\u1ef1 ki\u1ebfn s\u1ebd tri\u1ec3n khai hai stablecoin c\u1ee7a m\u00ecnh l\u00e0 XSGD v\u00e0 XUSD tr\u00ean blockchain Solana. Vi\u1ec7c tri\u1ec3n khai n\u00e0y, th\u1ef1c hi\u1ec7n c\u00f9ng Solana Foundation, \u0111\u00e1nh d\u1ea5u l\u1ea7n \u0111\u1ea7u ti\u00ean c\u1ea3 hai token \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh native tr\u00ean m\u1ed9t blockchain t\u1ed1c \u0111\u1ed9 cao.<\/p>\n

Hai token n\u00e0y s\u1ebd h\u1ed7 tr\u1ee3 ti\u00eau chu\u1ea9n x402, cho ph\u00e9p th\u1ef1c hi\u1ec7n c\u00e1c kho\u1ea3n thanh to\u00e1n vi m\u00f4 gi\u1eefa m\u00e1y v\u1edbi m\u00e1y.<\/p>\n

\u201cKhi ph\u00ed giao d\u1ecbch gi\u1ea3m xu\u1ed1ng g\u1ea7n b\u1eb1ng 0, b\u1ea1n c\u00f3 th\u1ec3 chuy\u1ec3n nh\u1eefng kho\u1ea3n ti\u1ec1n r\u1ea5t nh\u1ecf v\u1edbi t\u1ea7n su\u1ea5t r\u1ea5t cao,\u201d Liu n\u00f3i. \u201cThanh to\u00e1n b\u1eaft \u0111\u1ea7u tr\u00f4ng gi\u1ed1ng c\u00e1c lu\u1ed3ng d\u1eef li\u1ec7u internet h\u01a1n \u2014 li\u00ean t\u1ee5c, chi ph\u00ed th\u1ea5p v\u00e0 \u0111\u01b0\u1ee3c t\u00edch h\u1ee3p tr\u1ef1c ti\u1ebfp v\u00e0o \u1ee9ng d\u1ee5ng.\u201d<\/p>\n

XSGD hi\u1ec7n \u0111ang d\u1eabn \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng stablecoin phi USD t\u1ea1i \u0110\u00f4ng Nam \u00c1, v\u1edbi th\u1ecb ph\u1ea7n v\u01b0\u1ee3t 70%. Token n\u00e0y duy tr\u00ec t\u1ef7 gi\u00e1 neo 1:1 v\u1edbi \u0111\u00f4 la Singapore, \u0111\u01b0\u1ee3c b\u1ea3o ch\u1ee9ng b\u1eb1ng c\u00e1c cu\u1ed9c ki\u1ec3m to\u00e1n h\u00e0ng th\u00e1ng. C\u01a1 ch\u1ebf neo gi\u00e1 n\u00e0y c\u00e0ng tr\u1edf n\u00ean \u0111\u00e1ng ch\u00fa \u00fd v\u00e0o \u0111\u1ea7u n\u0103m nay, khi \u0111\u1ed3ng SGD ch\u1ea1m m\u1ee9c cao nh\u1ea5t trong 11 n\u0103m so v\u1edbi USD.<\/p>\n

H\u01b0\u1edbng ra ngo\u00e0i Singapore<\/strong><\/h2>\n

Hi\u1ec7n t\u1ea1i, StraitsX \u0111ang t\u00ecm c\u00e1ch m\u1edf r\u1ed9ng ra ngo\u00e0i Singapore. M\u1ed9t h\u00e0nh lang thanh to\u00e1n xuy\u00ean bi\u00ean gi\u1edbi v\u1edbi Th\u00e1i Lan d\u1ef1 ki\u1ebfn s\u1ebd \u0111i v\u00e0o ho\u1ea1t \u0111\u1ed9ng theo khu\u00f4n kh\u1ed5 Project BLOOM, m\u1ed9t s\u00e1ng ki\u1ebfn qu\u1ea3n l\u00fd do ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng Singapore kh\u1edfi x\u01b0\u1edbng.<\/p>\n

H\u1ec7 th\u1ed1ng n\u00e0y s\u1ebd cho ph\u00e9p du kh\u00e1ch Th\u00e1i Lan qu\u00e9t m\u00e3 QR t\u1ea1i Singapore b\u1eb1ng Q Wallet c\u1ee7a KBank v\u00e0 thanh to\u00e1n cho ng\u01b0\u1eddi b\u00e1n b\u1eb1ng n\u1ed9i t\u1ec7 c\u1ee7a h\u1ecd. Giao d\u1ecbch s\u1ebd t\u1ef1 \u0111\u1ed9ng chuy\u1ec3n \u0111\u1ed5i gi\u1eefa Q-money c\u1ee7a Th\u00e1i Lan v\u00e0 XSGD c\u1ee7a StraitsX \u1edf t\u1ea7ng h\u1eadu tr\u01b0\u1eddng \u2014 th\u00eam m\u1ed9t tr\u01b0\u1eddng h\u1ee3p thanh to\u00e1n \u1ee9ng d\u1ee5ng stablecoin nh\u01b0ng g\u1ea7n nh\u01b0 kh\u00f4ng ai nh\u1eadn ra.<\/p>\n

Liu cho bi\u1ebft m\u00f4 h\u00ecnh n\u00e0y \u0111i theo m\u1ed9t c\u00f4ng th\u1ee9c quen thu\u1ed9c. Ch\u1eb3ng h\u1ea1n, c\u00e1c t\u00edch h\u1ee3p v\u1edbi GrabPay v\u00e0 Alipay+ kh\u00f4ng \u0111\u00f2i h\u1ecfi ng\u01b0\u1eddi d\u00f9ng ph\u1ea3i thay \u0111\u1ed5i th\u00f3i quen hay h\u1ecdc l\u1ea1i c\u00e1ch s\u1eed d\u1ee5ng. Tuy v\u1eady, c\u00f4ng ty v\u1eabn ghi nh\u1eadn kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch c\u1ee7a merchant t\u0103ng 400% v\u00e0 s\u1ed1 l\u01b0\u1ee3ng ng\u01b0\u1eddi d\u00f9ng duy nh\u1ea5t giao d\u1ecbch v\u1edbi c\u00e1c merchant \u0111\u00f3 t\u0103ng g\u1ea5p 6 l\u1ea7n theo th\u00e1ng.<\/p>\n

C\u00e1c \u0111\u1ee3t tri\u1ec3n khai t\u01b0\u01a1ng t\u1ef1 c\u0169ng \u0111ang \u0111\u01b0\u1ee3c l\u00ean k\u1ebf ho\u1ea1ch t\u1ea1i Nh\u1eadt B\u1ea3n, \u0110\u00e0i Loan v\u00e0 H\u1ed3ng K\u00f4ng.<\/p>\n

Gi\u1ed1ng nh\u01b0 l\u00e1i m\u1ed9t chi\u1ebfc xe \u0111i\u1ec7n<\/strong><\/h2>\n

Visa, m\u1ed9t trong nh\u1eefng \u0111\u1ed1i t\u00e1c l\u1edbn c\u1ee7a StraitsX, xem s\u1ef1 chuy\u1ec3n d\u1ecbch n\u00e0y l\u00e0 b\u01b0\u1edbc ti\u1ebfn h\u00f3a t\u1ef1 nhi\u00ean c\u1ee7a ng\u00e0nh thanh to\u00e1n. Adeline Kim, Gi\u00e1m \u0111\u1ed1c qu\u1ed1c gia ph\u1ee5 tr\u00e1ch Singapore v\u00e0 Brunei c\u1ee7a Visa, chia s\u1ebb v\u1edbi CoinDesk r\u1eb1ng c\u00e1c th\u1ebb \u0111\u01b0\u1ee3c b\u1ea3o ch\u1ee9ng b\u1eb1ng stablecoin kh\u00f4ng l\u00e0m thay \u0111\u1ed5i tr\u1ea3i nghi\u1ec7m c\u1ee7a kh\u00e1ch h\u00e0ng.<\/p>\n

Nh\u1eefng chi\u1ebfc th\u1ebb n\u00e0y ho\u1ea1t \u0111\u1ed9ng gi\u1ed1ng nh\u01b0 th\u1ebb truy\u1ec1n th\u1ed1ng, v\u1eabn c\u00f3 \u0111\u1ea7y \u0111\u1ee7 c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 chargeback v\u00e0 quy tr\u00ecnh t\u1ea5t to\u00e1n b\u1eb1ng ti\u1ec1n ph\u00e1p \u0111\u1ecbnh.<\/p>\n

\u201c\u0110i\u1ec1u \u0111\u00f3 gi\u1ed1ng nh\u01b0 l\u00e1i m\u1ed9t chi\u1ebfc xe \u0111i\u1ec7n thay v\u00ec m\u1ed9t chi\u1ebfc xe ch\u1ea1y nhi\u00ean li\u1ec7u tr\u00ean c\u00f9ng m\u1ed9t tuy\u1ebfn \u0111\u01b0\u1eddng cao t\u1ed1c,\u201d Kim n\u00f3i. \u201cPh\u01b0\u01a1ng ti\u1ec7n th\u00ec kh\u00e1c, nh\u01b0ng bi\u1ec3n b\u00e1o, tr\u1ea1m thu ph\u00ed v\u00e0 lu\u1eadt l\u1ec7 v\u1eabn kh\u00f4ng thay \u0111\u1ed5i.\u201d<\/p>\n

\u0110\u00e0 t\u0103ng tr\u01b0\u1edfng n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng \u0111ang xu\u1ea5t hi\u1ec7n tr\u00ean to\u00e0n ng\u00e0nh. C\u00e1c \u0111\u01a1n v\u1ecb ph\u00e1t h\u00e0nh th\u1ebb crypto full-stack nh\u01b0 Rain v\u00e0 Reap \u2014 nh\u1eefng c\u00f4ng ty n\u1eafm t\u01b0 c\u00e1ch th\u00e0nh vi\u00ean ch\u00ednh th\u1ee9c tr\u1ef1c ti\u1ebfp v\u1edbi Visa v\u00e0 t\u1ef1 qu\u1ea3n l\u00fd kh\u00e2u t\u1ea5t to\u00e1n \u2014 \u0111\u00e3 t\u0103ng tr\u01b0\u1edfng r\u1ea5t nhanh. Rain \u0111\u00e3 v\u01b0\u1ee3t m\u1ed1c annualized tr\u00ean 3 t\u1ef7 USD, c\u00f2n Reap v\u01b0\u1ee3t 6 t\u1ef7 USD.<\/p>\n

Ki\u1ec1u h\u1ed1i l\u00e0 m\u1ed9t trong nh\u1eefng tr\u01b0\u1eddng h\u1ee3p s\u1eed d\u1ee5ng then ch\u1ed1t. Ng\u00e2n h\u00e0ng Th\u1ebf gi\u1edbi \u01b0\u1edbc t\u00ednh chi ph\u00ed g\u1eedi 200 USD ra n\u01b0\u1edbc ngo\u00e0i hi\u1ec7n v\u1eabn \u1edf m\u1ee9c trung b\u00ecnh 6,49%. V\u1edbi stablecoin, m\u1ee9c ph\u00ed n\u00e0y gi\u1ea3m xu\u1ed1ng \u0111\u00e1ng k\u1ec3.<\/p>\n

Trong th\u1eddi gian t\u1edbi, Kim cho r\u1eb1ng th\u1ebb stablecoin s\u1ebd ph\u00e1t tri\u1ec3n v\u01b0\u1ee3t ra ngo\u00e0i vai tr\u00f2 ti\u1ec7n \u00edch thanh to\u00e1n \u0111\u01a1n thu\u1ea7n. B\u00e0 k\u1ef3 v\u1ecdng c\u00e1c s\u1ea3n ph\u1ea9m t\u01b0\u01a1ng lai s\u1ebd t\u00edch h\u1ee3p th\u00eam kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch chi ti\u00eau theo th\u1eddi gian th\u1ef1c, \u0111\u1eb7c quy\u1ec1n xuy\u00ean bi\u00ean gi\u1edbi v\u00e0 c\u00e1c h\u1ec7 th\u1ed1ng ph\u1ea7n th\u01b0\u1edfng \u0111\u01b0\u1ee3c c\u00e1 nh\u00e2n h\u00f3a theo h\u00e0nh vi ng\u01b0\u1eddi d\u00f9ng.<\/p>\n

\u0110\u1ed1i v\u1edbi Liu, th\u00e0nh c\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c bi\u1ebfn m\u1ea5t kh\u1ecfi t\u1ea7m nh\u00ecn c\u1ee7a ng\u01b0\u1eddi d\u00f9ng. Theo \u00f4ng, h\u1ea1 t\u1ea7ng stablecoin t\u1ed1t nh\u1ea5t l\u00e0 h\u1ea1 t\u1ea7ng m\u00e0 kh\u00f4ng ai nh\u00ecn th\u1ea5y. Giao d\u1ecbch ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n.<\/p>\n

\"16x9<\/p>\n<\/div>\n

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Khi stablecoin d\u1ea7n ph\u00e1t tri\u1ec3n th\u00e0nh m\u1ed9t ph\u1ea7n c\u1ee7a h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i, B\u1eafc M\u1ef9 \u0111ang gi\u1eef vai tr\u00f2 d\u1eabn \u0111\u1ea7u. B\u00e1o c\u00e1o n\u00e0y ph\u00e1c h\u1ecda b\u1ee9c tranh v\u1ec1 khung ph\u00e1p l\u00fd, nh\u1eefng d\u1ecbch chuy\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00e1c ch\u1ee7 th\u1ec3 \u0111ang th\u00fac \u0111\u1ea9y qu\u00e1 tr\u00ecnh ch\u1ea5p nh\u1eadn stablecoin.<\/p>\n

V\u00ec sao \u0111i\u1ec1u n\u00e0y quan tr\u1ecdng:<\/strong><\/p>\n

Stablecoin \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n ti\u1ebfn h\u00f3a th\u1ee9 ba \u2014 k\u1ef7 nguy\u00ean th\u1ec3 ch\u1ebf h\u00f3a \u2014 khi ng\u00e0y c\u00e0ng \u0111\u01b0\u1ee3c t\u00edch h\u1ee3p s\u00e2u h\u01a1n v\u00e0o h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i. Trong b\u1ed1i c\u1ea3nh c\u00e1c t\u1ed5 ch\u1ee9c \u01b0u ti\u00ean t\u00ednh minh b\u1ea1ch v\u00e0 tu\u00e2n th\u1ee7 ph\u00e1p l\u00fd, c\u00e1c \u0111\u01a1n v\u1ecb ph\u00e1t h\u00e0nh \u0111\u01b0\u1ee3c qu\u1ea3n l\u00fd ch\u1eb7t ch\u1ebd nh\u01b0 USDC, RLUSD v\u00e0 PYUSD \u0111ang t\u1eebng b\u01b0\u1edbc gia t\u0103ng th\u1ecb ph\u1ea7n, trong \u0111\u00f3 RLUSD \u0111\u00e3 v\u01b0\u1ee3t m\u1ed1c 1 t\u1ef7 USD v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng ch\u1ec9 trong n\u0103m \u0111\u1ea7u ti\u00ean. B\u1eafc M\u1ef9, v\u1edbi l\u1ee3i th\u1ebf d\u1eabn \u0111\u1ea7u v\u1ec1 khung ph\u00e1p l\u00fd v\u00e0 m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i t\u1edbi kh\u1ed1i t\u1ed5 ch\u1ee9c, \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m c\u1ee7a xu h\u01b0\u1edbng n\u00e0y.<\/p>\n

View Full Report<\/a><\/p>\n<\/div>\n

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(\u0110\u1ecdc chi ti\u1ebft t\u1ea1i \u0111\u00e2y)<\/em><\/p>\n

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\"Ravi<\/figure>\n

\u0110\u1ee3t chu k\u1ef3 g\u1ea5u m\u1edbi nh\u1ea5t c\u1ee7a crypto ch\u1ec9 l\u00e0 m\u1ed9t nh\u1ecbp nhi\u1ec5u r\u1ea5t nh\u1ecf n\u1ebfu so v\u1edbi m\u1ed1i \u0111e d\u1ecda mang t\u00ednh s\u1ed1ng c\u00f2n m\u00e0 AI hi\u1ec7n \u0111ang \u0111\u1eb7t ra cho c\u00e1c d\u1ecbch v\u1ee5 ph\u1ea7n m\u1ec1m truy\u1ec1n th\u1ed1ng, theo Ravi Tanuku, CEO c\u1ee7a KRAK Acquisition Corp.<\/p>\n

\u0110i\u1ec3m ch\u00ednh c\u1ea7n bi\u1ebft:<\/strong><\/p>\n