... gray market utilize USDT as a means of transferring value and bypassing currency restrictions. In 2024, Hong Kong announced plans to license stablecoins by 2024–2025, requiring issuers to undergo audits and local registration. This could present an ... ... for cross-border payments and settlements, especially in regions with limited access to convertible currency. For instance, businesses in Asia and Africa may utilize USDT for quick transfer of dollars, bypassing slow banking systems. The increasing popularity ...