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TechFlow, August 12 — According to Bitrace, one week after the implementation of Hong Kong's stablecoin regulations, the local over-the-counter trading market size has decreased by approximately 32.94%. The daily average USDT transaction volume at storefront service providers' business addresses dropped by 43.20% (from 9.47 million to 5.38 million), while non-storefront service providers saw a decrease of 30.65% (from 42.57 million to 29.52 million).
According to Bitrace, one week after the implementation of Hong Kong's stablecoin regulations, the local over-the-counter (OTC) trading market size dropped by approximately 32.94%. The daily average USDT transfer volume at physical store-type service providers' business addresses declined by 43.20% (from 9.47 million to 5.38 million), while non-store service providers' business addresses saw a decrease of 30.65% (from 42.57 million to 29.52 million).
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