Hong Kong just rolled out new rules to oversee stablecoins—those cryptocurrencies pegged to stable assets like the U.S. dollar. The article breaks down five big things you should know: how they work, why they’re being regulated, and what this means for investors and the crypto market.

Editor’s Note: Stablecoins are a huge part of crypto trading, acting as a "safe harbor" when markets get wild. But without clear rules, they’ve also been a source of risk (remember Terra’s crash?). Hong Kong’s move signals that regulators are stepping in to keep things stable—literally—which could mean more trust in crypto, or tighter controls that shake up how these tokens operate. Either way, it’s a big deal for anyone using or investing in digital currencies.