Nh\u00e0 Tr\u1eafng s\u1eafp t\u1ed5 ch\u1ee9c m\u1ed9t phi\u00ean h\u1ecdp k\u00edn kh\u00e1c v\u00e0o ng\u00e0y 10 th\u00e1ng 2 khi n\u1ed7 l\u1ef1c ph\u00e1 v\u1ee1 b\u1ebf t\u1eafc v\u1ec1 quy \u0111\u1ecbnh ti\u1ec1n m\u00e3 ho\u00e1 t\u1ea1i M\u1ef9. Cu\u1ed9c \u0111\u00e0m ph\u00e1n di\u1ec5n ra sau khi cu\u1ed9c g\u1eb7p ng\u00e0y 2 th\u00e1ng 2 k\u1ebft th\u00fac kh\u00f4ng c\u00f3 th\u1ecfa thu\u1eadn, d\u00f9 c\u00e1c hi\u1ec7p h\u1ed9i ng\u00e2n h\u00e0ng v\u00e0 nh\u00f3m ti\u1ec1n m\u00e3 ho\u00e1 \u0111\u1ec1u \u0111\u00e1nh gi\u00e1 cu\u1ed9c th\u1ea3o lu\u1eadn l\u00e0 h\u1eefu \u00edch. Tranh ch\u1ea5p n\u00e0y \u0111\u00e3 l\u00e0m ch\u1eadm d\u1ef1 lu\u1eadt CLARITY \u2014 m\u1ed9t d\u1ef1 lu\u1eadt c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng ti\u1ec1n m\u00e3 ho\u00e1 l\u1edbn \u0111\u00e3 \u0111\u01b0\u1ee3c H\u1ea1 vi\u1ec7n th\u00f4ng qua v\u00e0o th\u00e1ng 7 n\u0103m 2025 v\u00e0 v\u1eabn c\u1ea7n t\u00ecm \u0111\u01b0\u1eddng qua Th\u01b0\u1ee3ng vi\u1ec7n.<\/p>\n\n
Trung t\u00e2m c\u1ee7a cu\u1ed9c tranh lu\u1eadn l\u00e0 m\u1ed9t c\u00e2u h\u1ecfi: stablecoin c\u00f3 th\u1ec3 tr\u1ea3 l\u00e3i ho\u1eb7c c\u00e1c ph\u1ea7n th\u01b0\u1edfng kh\u00e1c cho ng\u01b0\u1eddi n\u1eafm gi\u1eef hay kh\u00f4ng? C\u00e2u h\u1ecfi n\u00e0y \u0111\u00e3 bi\u1ebfn ch\u00ednh s\u00e1ch stablecoin th\u00e0nh r\u00e0o c\u1ea3n ch\u00ednh cho to\u00e0n b\u1ed9 d\u1ef1 lu\u1eadt. C\u00e1c nh\u00e0 l\u1eadp ph\u00e1p v\u00e0 v\u1eadn \u0111\u1ed9ng h\u00e0nh lang c\u00f3 th\u1ec3 th\u1ed1ng nh\u1ea5t v\u1ec1 nhi\u1ec1u quy \u0111\u1ecbnh giao d\u1ecbch v\u00e0 \u0111\u0103ng k\u00fd ti\u1ec1n m\u00e3 ho\u00e1, nh\u01b0ng h\u1ecd li\u00ean t\u1ee5c quay l\u1ea1i v\u1ea5n \u0111\u1ec1 ph\u1ea7n th\u01b0\u1edfng stablecoin.<\/p>\n\n
Stablecoin l\u00e0 token k\u1ef9 thu\u1eadt s\u1ed1 nh\u1eb1m gi\u1eef gi\u00e1 \u1ed5n \u0111\u1ecbnh, th\u01b0\u1eddng neo g\u1ea7n 1 \u0111\u00f4 la M\u1ef9. Ng\u01b0\u1eddi d\u00f9ng stablecoin \u0111\u1ec3 chuy\u1ec3n ti\u1ec1n nhanh, giao d\u1ecbch ti\u1ec1n m\u00e3 ho\u00e1 v\u00e0 c\u1ea5t gi\u1eef t\u00e0i s\u1ea3n m\u00e0 kh\u00f4ng r\u1eddi kh\u1ecfi chu\u1ed7i kh\u1ed1i. Nhi\u1ec1u t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh stablecoin kh\u1eb3ng \u0111\u1ecbnh h\u1ecd h\u1eadu thu\u1eabn m\u1ed7i \u0111\u1ed3ng stablecoin b\u1eb1ng c\u00e1c t\u00e0i s\u1ea3n d\u1ef1 tr\u1eef nh\u01b0 ti\u1ec1n m\u1eb7t v\u00e0 k\u1ef3 phi\u1ebfu Kho b\u1ea1c M\u1ef9 ng\u1eafn h\u1ea1n. Trong khu\u00f4n kh\u1ed5 d\u1ef1 lu\u1eadt GENIUS Act, quy t\u1eafc d\u1ef1 tr\u1eef v\u00e0 c\u00f4ng b\u1ed1 th\u00f4ng tin c\u00f4ng khai tr\u1edf th\u00e0nh tr\u1ecdng t\u00e2m nh\u1eb1m t\u1ea1o ni\u1ec1m tin cho stablecoin.<\/p>\n\n
S\u1ea3n ph\u1ea9m m\u1edbi \u0111\u1ea9y tranh lu\u1eadn th\u00eam m\u1ed9t b\u01b0\u1edbc: stablecoin sinh l\u1eddi chia s\u1ebb m\u1ed9t ph\u1ea7n thu nh\u1eadp t\u1eeb d\u1ef1 tr\u1eef cho ng\u01b0\u1eddi d\u00f9ng. T\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh c\u00f3 th\u1ec3 ki\u1ebfm ti\u1ec1n t\u1eeb kho\u1ea3n d\u1ef1 tr\u1eef, sau \u0111\u00f3 tr\u1ea3 l\u1ea1i m\u1ed9t ph\u1ea7n d\u01b0\u1edbi d\u1ea1ng l\u00e3i ho\u1eb7c th\u01b0\u1edfng. C\u00e1c c\u00f4ng ty ti\u1ec1n m\u00e3 ho\u00e1 cho r\u1eb1ng t\u00ednh n\u0103ng n\u00e0y gi\u00fap ng\u01b0\u1eddi d\u00f9ng v\u00e0 gi\u00fap h\u1ecd c\u1ea1nh tranh. Ng\u00e2n h\u00e0ng l\u1ea1i n\u00f3i n\u00f3 gi\u1ed1ng s\u1ea3n ph\u1ea9m ti\u1ec1n g\u1eedi nh\u01b0ng kh\u00f4ng c\u00f3 c\u00f9ng l\u1edbp b\u1ea3o v\u1ec7.<\/p>\n\n
L\u00e3nh \u0111\u1ea1o c\u00e1c ng\u00e2n h\u00e0ng c\u1ea3nh b\u00e1o l\u00e3i stablecoin c\u00f3 th\u1ec3 r\u00fat ti\u1ec1n kh\u1ecfi ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng \u0111\u01b0\u1ee3c b\u1ea3o hi\u1ec3m. Ti\u1ec1n g\u1eedi l\u00e0 ngu\u1ed3n v\u1ed1n ch\u00ednh c\u1ee7a nhi\u1ec1u ng\u00e2n h\u00e0ng. N\u1ebfu kh\u00e1ch h\u00e0ng chuy\u1ec3n ti\u1ec1n sang stablecoin \u0111\u1ec3 \u0111u\u1ed5i l\u00e3i su\u1ea5t, ng\u00e2n h\u00e0ng lo ng\u1ea1i s\u1ebd \u0111\u1ed1i m\u1eb7t v\u1edbi ch\u1ea3y m\u00e1u c\u1ecdc nhanh h\u01a1n trong giai \u0111o\u1ea1n c\u0103ng th\u1eb3ng. Ng\u00e2n h\u00e0ng c\u0169ng l\u1eadp lu\u1eadn r\u1eb1ng t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh stablecoin kh\u00f4ng ch\u1ecbu c\u00e1c quy \u0111\u1ecbnh v\u1ec1 v\u1ed1n, thanh kho\u1ea3n v\u00e0 gi\u00e1m s\u00e1t nh\u01b0 ng\u00e2n h\u00e0ng. Theo h\u1ecd, l\u00e3i stablecoin t\u1ea1o ra d\u1ea1ng ng\u00e2n h\u00e0ng song song c\u00f3 th\u1ec3 ph\u00e1t tri\u1ec3n nhanh b\u00ean ngo\u00e0i l\u01b0\u1edbi an to\u00e0n th\u00f4ng th\u01b0\u1eddng.<\/p>\n\n
C\u00e1c c\u00f4ng ty ti\u1ec1n m\u00e3 ho\u00e1 ph\u1ea3n bi\u1ec7n, g\u1ecdi l\u1ec7nh c\u1ea5m l\u00e3i stablecoin l\u00e0 ch\u1ed1ng c\u1ea1nh tranh. H\u1ecd n\u00f3i stablecoin kh\u00f4ng ph\u1ea3i t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng v\u00e0 kh\u00f4ng n\u00ean b\u1ecb \u00e9p v\u00e0o c\u00f9ng khu\u00f4n m\u1eabu. H\u1ecd cho r\u1eb1ng l\u00e3i stablecoin l\u00e0 k\u1ebft qu\u1ea3 b\u00ecnh th\u01b0\u1eddng khi d\u1ef1 tr\u1eef sinh l\u1eddi v\u00e0 ng\u01b0\u1eddi d\u00f9ng x\u1ee9ng \u0111\u00e1ng chia s\u1ebb gi\u00e1 tr\u1ecb. Ngo\u00e0i ra, l\u00e3i stablecoin gi\u00fap thu h\u00fat kh\u00e1ch h\u00e0ng m\u1edbi v\u00ec ph\u1ea7n th\u01b0\u1edfng khi\u1ebfn vi\u1ec7c th\u1eed stablecoin cho thanh to\u00e1n, giao d\u1ecbch ho\u1eb7c ti\u1ebft ki\u1ec7m tr\u1edf n\u00ean d\u1ec5 d\u00e0ng. M\u1ed9t s\u1ed1 l\u00e3nh \u0111\u1ea1o ti\u1ec1n m\u00e3 ho\u00e1 c\u1ea3nh b\u00e1o n\u1ebfu M\u1ef9 c\u1ea5m l\u00e3i stablecoin, nhi\u1ec1u ho\u1ea1t \u0111\u1ed9ng s\u1ebd d\u1ecbch chuy\u1ec3n ra n\u01b0\u1edbc ngo\u00e0i v\u00e0 l\u00e0n s\u00f3ng t\u00e0i ch\u00ednh k\u1ef9 thu\u1eadt s\u1ed1 ti\u1ebfp theo s\u1ebd \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng \u1edf n\u01a1i kh\u00e1c.<\/p>\n\n
S\u1ef1 chia r\u1ebd n\u00e0y khi\u1ebfn Nh\u00e0 Tr\u1eafng ph\u1ea3i can thi\u1ec7p. C\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n \u0111\u01b0\u1ee3c \u0111i\u1ec1u ph\u1ed1i trong khu\u00f4n kh\u1ed5 n\u1ed7 l\u1ef1c ch\u00ednh s\u00e1ch ti\u1ec1n m\u00e3 ho\u00e1 c\u1ee7a ch\u00ednh quy\u1ec1n, nh\u1eb1m \u0111\u01b0a hai b\u00ean so\u1ea1n th\u1ea3o ng\u00f4n ng\u1eef th\u1ecfa hi\u1ec7p. Nh\u1eefng ng\u01b0\u1eddi th\u1ea1o tin v\u1ec1 cu\u1ed9c g\u1eb7p \u0111\u1ea7u ti\u00ean cho bi\u1ebft v\u1ea5n \u0111\u1ec1 stablecoin v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft, v\u00e0 Reuters \u0111\u01b0a tin cu\u1ed9c h\u1ecdp k\u1ebft th\u00fac kh\u00f4ng c\u00f3 \u0111\u1ed3ng thu\u1eadn. Phi\u00ean ti\u1ebfp theo d\u1ef1 ki\u1ebfn c\u00f3 th\u00eam l\u00e3nh \u0111\u1ea1o c\u1ea5p cao, g\u1ed3m l\u00e3nh \u0111\u1ea1o c\u00e1c ng\u00e2n h\u00e0ng l\u1edbn v\u00e0 c\u00f4ng ty ti\u1ec1n m\u00e3 ho\u00e1 h\u00e0ng \u0111\u1ea7u.<\/p>\n\n
M\u1ed9t th\u1ecfa hi\u1ec7p, n\u1ebfu c\u00f3, c\u00f3 th\u1ec3 d\u1ef1a tr\u00ean gi\u1edbi h\u1ea1n thay v\u00ec c\u1ea5m ho\u00e0n to\u00e0n. M\u1ed9t ph\u01b0\u01a1ng \u00e1n l\u00e0 ch\u1ec9 cho ph\u00e9p tr\u1ea3 l\u00e3i stablecoin d\u01b0\u1edbi c\u00e1c quy t\u1eafc ch\u1eb7t ch\u1ebd: y\u00eau c\u1ea7u d\u1ef1 tr\u1eef r\u00f5 r\u00e0ng, quy \u0111\u1ecbnh k\u00fd qu\u1ef9 ch\u1eb7t v\u00e0 c\u00f4ng b\u1ed1 minh b\u1ea1ch. M\u1ed9t l\u1ef1a ch\u1ecdn kh\u00e1c l\u00e0 h\u1ea1n ch\u1ebf \u0111\u1ed1i t\u01b0\u1ee3ng \u0111\u01b0\u1ee3c cung c\u1ea5p l\u00e3i ho\u1eb7c c\u00e1ch th\u1ee9c qu\u1ea3ng b\u00e1 ph\u1ea7n th\u01b0\u1edfng \u0111\u1ec3 tr\u00e1nh nh\u1ea7m stablecoin v\u1edbi ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng. C\u00e1c nh\u00e0 l\u1eadp ph\u00e1p c\u0169ng c\u00f3 th\u1ec3 b\u1ed5 sung quy \u0111\u1ecbnh b\u1ea3o v\u1ec7 ng\u01b0\u1eddi ti\u00eau d\u00f9ng \u0111\u1ec3 ng\u01b0\u1eddi d\u00f9ng hi\u1ec3u r\u1ee7i ro, bao g\u1ed3m vi\u1ec7c g\u00ec x\u1ea3y ra n\u1ebfu t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh stablecoin v\u1ee1 n\u1ee3 v\u00e0 c\u01a1 ch\u1ebf chu\u1ed9c l\u1ea1i trong th\u1eddi \u0111i\u1ec3m c\u0103ng th\u1eb3ng.<\/p>\n\n
Th\u1eddi gian \u0111ang \u0111\u1ebfm ng\u01b0\u1ee3c. Nh\u00e0 Tr\u1eafng t\u00edn hi\u1ec7u mu\u1ed1n ti\u1ebfn tri\u1ec3n s\u1edbm v\u00e0 c\u00e1c nh\u00e0 l\u1eadp ph\u00e1p c\u00f3 l\u1ecbch tr\u00ecnh d\u00e0y \u0111\u1eb7c. N\u1ebfu d\u1ef1 lu\u1eadt CLARITY ti\u1ebfp t\u1ee5c tr\u00ec ho\u00e3n, n\u00f3 c\u00f3 th\u1ec3 m\u1ea5t \u0111\u00e0 v\u00e0 \u0111\u1ec3 l\u1ea1i quy \u0111\u1ecbnh ti\u1ec1n m\u00e3 ho\u00e1 trong m\u1edb b\u00f2ng bong hi\u1ec7n t\u1ea1i m\u00e0 c\u00e1c c\u00f4ng ty \u0111ang ph\u00e0n n\u00e0n. V\u1edbi ng\u00e2n h\u00e0ng, \u0111\u00f3 l\u00e0 c\u00e2u chuy\u1ec7n v\u1ec1 ti\u1ec1n g\u1eedi, ngu\u1ed3n v\u1ed1n v\u00e0 \u1ed5n \u0111\u1ecbnh. V\u1edbi ti\u1ec1n m\u00e3 ho\u00e1, \u0111\u00f3 l\u00e0 vi\u1ec7c li\u1ec7u stablecoin c\u00f3 th\u1ec3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 ti\u1ec1n hi\u1ec7n \u0111\u1ea1i v\u00e0 li\u1ec7u \u0111\u1ed5i m\u1edbi stablecoin c\u00f3 \u1edf l\u1ea1i Hoa K\u1ef3.<\/p>\n\n
Cu\u1ed9c h\u1ecdp ng\u00e0y 10 th\u00e1ng 2 c\u00f3 th\u1ec3 kh\u00f4ng gi\u1ea3i quy\u1ebft m\u1ecdi chi ti\u1ebft, nh\u01b0ng c\u00f3 th\u1ec3 \u0111\u1ecbnh h\u01b0\u1edbng \u0111i. N\u1ebfu c\u00e1c b\u00ean \u0111\u00e0m ph\u00e1n th\u1ed1ng nh\u1ea5t khung cho l\u00e3i stablecoin, d\u1ef1 lu\u1eadt r\u1ed9ng l\u1edbn h\u01a1n c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c di chuy\u1ec3n. N\u1ebfu h\u1ecd th\u1ea5t b\u1ea1i, cu\u1ed9c chi\u1ebfn stablecoin c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c c\u1ea3n tr\u1edf n\u1ed7 l\u1ef1c l\u1edbn h\u01a1n nh\u1eb1m thi\u1ebft l\u1eadp quy \u0111\u1ecbnh li\u00ean bang r\u00f5 r\u00e0ng cho t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 trong b\u1ed1i c\u1ea3nh vi\u1ec7c d\u00f9ng stablecoin kh\u00f4ng ng\u1eebng m\u1edf r\u1ed9ng.<\/p>","protected":false},"excerpt":{"rendered":"
Nh\u00e0 Tr\u1eafng s\u1eafp t\u1ed5 ch\u1ee9c m\u1ed9t phi\u00ean h\u1ecdp k\u00edn kh\u00e1c v\u00e0o ng\u00e0y 10 th\u00e1ng 2 khi n\u1ed7 l\u1ef1c ph\u00e1 v\u1ee1 b\u1ebf t\u1eafc v\u1ec1 quy \u0111\u1ecbnh ti\u1ec1n m\u00e3 ho\u00e1 t\u1ea1i M\u1ef9.…<\/p>\n","protected":false},"author":3,"featured_media":2418,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/comments?post=2417"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2417\/revisions"}],"predecessor-version":[{"id":2419,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/posts\/2417\/revisions\/2419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/media?parent=2417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/categories?post=2417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/vi\/wp-json\/wp\/v2\/tags?post=2417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}