币界网报道：July 4, As an important branch of cryptocurrency, stablecoins have long been considered a "stable" payment tool, but their essence is not as completely "stable" as the name suggests. The Hong Kong dollar maintains a stable exchange rate through the Hong Kong linked exchange rate system, and the US dollar was also a "quasi-stable currency" anchored to gold during the Bretton Woods system. It was not until 1971 that it was decoupled from gold and turned into a free-floating currency based on market supply and demand. Stablecoins usually rely on traditional currencies or assets such as the US dollar or US bonds as backing. On May 20, the US Senate passed the Stablecoin Uniform Standards Safeguarding Act (GENIUS), which is an important breakthrough in the United States' stablecoin regulation. Similarly, Hong Kong, China, also passed the Stablecoin Bill to establish standards for the issuance of legal currency stablecoins. The launch of stablecoins is not only an upgrade of financial technology, but also a challenge and reconstruction of the global financial system. The BiyaPay platform supports the acceptance of USDT and legal currencies such as the US dollar and Hong Kong dollar, providing convenient payment and transaction services for global users. With the rapid development of stablecoins and digital currencies, the transaction services of the BiyaPay platform provide users with a safer and more efficient transaction environment.