币界网报道：Stablecoins are increasingly under regulatory scrutiny as governments worldwide grapple with balancing innovation with risks like criminal exploitation. The U.S. Treasury Department recently highlighted concerns over stablecoins being used for illicit activities, including money laundering and sanctions evasion, while the EU’s Markets in Crypto-Assets (MiCA) framework aims to impose stricter oversight. Industry leaders argue that overregulation could stifle growth, with Circle CEO Jeremy Allaire advocating for clear, risk-proportionate rules to ensure stability without hindering adoption. Meanwhile, emerging markets see stablecoins as a hedge against inflation and currency volatility, with countries like Argentina and Nigeria witnessing surging demand. Analysts suggest that collaboration between regulators and crypto firms is key to fostering trust and preventing misuse, as stablecoins continue bridging traditional finance and decentralized ecosystems.