#稳定币市场发展 The impact of this new regulation on the stablecoin market may be greater than expected. Restrictions on the holding amount for individuals and businesses mean that Large Investors may need to diversify across multiple accounts. The 60% cap on short-term government bond investments ensures both Liquidity and a degree of flexibility. However, this will have little impact on small-scale copy trading players; we should pay more attention to how this will affect the exchanges and the trading strategies of Large Investors. It is worth noting that the softening stance of the Bank of England may indicate that more countries will implement similar policies, which could bring new Arbitrage opportunities. I will closely monitor the responses of major exchanges to see if any new strategies worth following emerge.