{"id":11415,"date":"2026-05-01T17:04:47","date_gmt":"2026-05-01T10:04:47","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/chien-luoc-stablecoin-cua-kast-va-buoc-di-nhan-su-day-toan-tinh-tai-pho-wall\/"},"modified":"2026-05-01T17:04:47","modified_gmt":"2026-05-01T10:04:47","slug":"chien-luoc-stablecoin-cua-kast-va-buoc-di-nhan-su-day-toan-tinh-tai-pho-wall","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/chien-luoc-stablecoin-cua-kast-va-buoc-di-nhan-su-day-toan-tinh-tai-pho-wall\/","title":{"rendered":"Chi\u1ebfn l\u01b0\u1ee3c stablecoin c\u1ee7a Kast v\u00e0 b\u01b0\u1edbc \u0111i nh\u00e2n s\u1ef1 \u0111\u1ea7y toan t\u00ednh t\u1ea1i Ph\u1ed1 Wall"},"content":{"rendered":"
\n

Vi\u1ec7c Kast, m\u1ed9t n\u1ec1n t\u1ea3ng thanh to\u00e1n b\u1eb1ng stablecoin \u0111\u1ea7y tham v\u1ecdng, v\u1eeba ch\u00ednh th\u1ee9c chi\u00eau m\u1ed9 Stephanie Allen \u2013 c\u1ef1u c\u1ed1 v\u1ea5n c\u1ea5p cao t\u1eeb \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch M\u1ef9 (SEC) \u2013 \u0111\u1ec3 n\u1eafm quy\u1ec1n \u0111i\u1ec1u h\u00e0nh m\u1ea3ng truy\u1ec1n th\u00f4ng ch\u00ednh s\u00e1ch, kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t b\u1ea3n tin b\u1ed5 nhi\u1ec7m nh\u00e2n s\u1ef1. \u0110\u00e2y l\u00e0 m\u1ed9t th\u00f4ng \u0111i\u1ec7p \u0111anh th\u00e9p \u0111\u01b0\u1ee3c g\u1eedi \u0111i t\u1eeb t\u00e2m \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh s\u1ed1: c\u00e1c c\u00f4ng ty thanh to\u00e1n \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n chuy\u1ec3n m\u00ecnh, n\u01a1i m\u00e0 vi\u1ec7c n\u1eafm b\u1eaft v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng h\u00e0nh lang ph\u00e1p l\u00fd quan tr\u1ecdng ngang b\u1eb1ng v\u1edbi ch\u00ednh s\u1ef1 b\u1ec1n v\u1eefng c\u1ee7a thu\u1eadt to\u00e1n blockchain. V\u1edbi ngu\u1ed3n v\u1ed1n 80 tri\u1ec7u USD v\u1eeba \u0111\u01b0\u1ee3c huy \u0111\u1ed9ng, Kast \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c l\u1edbn v\u00e0o kh\u1ea3 n\u0103ng “gi\u1ea3i m\u00e3” c\u00e1c r\u00e0o c\u1ea3n ph\u00e1p l\u00fd \u0111\u1ec3 chi\u1ebfm l\u0129nh th\u1ecb tr\u01b0\u1eddng thanh to\u00e1n phi t\u1eadp trung.<\/p>\n

\n \"Chi\u1ebfn
\u1ea2nh t\u1eeb ngu\u1ed3n: cointelegraph.com<\/em><\/figcaption><\/figure>\n

C\u00fa b\u1eaft tay gi\u1eefa c\u00f4ng ngh\u1ec7 thanh to\u00e1n v\u00e0 b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd nh\u00e0 n\u01b0\u1edbc<\/h2>\n

T\u1eeb g\u00f3c nh\u00ecn c\u1ee7a m\u1ed9t ng\u01b0\u1eddi quan s\u00e1t th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed, h\u00e0nh \u0111\u1ed9ng c\u1ee7a Kast cho th\u1ea5y h\u1ecd \u0111\u00e3 th\u1ea5u hi\u1ec3u s\u00e2u s\u1eafc b\u1ea3n ch\u1ea5t c\u1ee7a k\u1ef7 nguy\u00ean Web3 hi\u1ec7n nay. Ch\u00fang ta \u0111\u00e3 qua r\u1ed3i th\u1eddi k\u1ef3 m\u00e0 c\u00e1c startup blockchain c\u00f3 th\u1ec3 “di chuy\u1ec3n nhanh v\u00e0 ph\u00e1 v\u1ee1 m\u1ecdi th\u1ee9” nh\u01b0 thung l\u0169ng Silicon nh\u1eefng n\u0103m 2010. Thay v\u00e0o \u0111\u00f3, s\u1ef1 tr\u1ed7i d\u1eady c\u1ee7a stablecoin d\u01b0\u1edbi k\u1ef7 nguy\u00ean MiCA t\u1ea1i ch\u00e2u \u00c2u v\u00e0 c\u00e1c quy \u0111\u1ecbnh kh\u1eaft khe t\u1ea1i M\u1ef9 \u0111ang \u0111\u1ecbnh h\u00ecnh l\u1ea1i to\u00e0n b\u1ed9 cu\u1ed9c ch\u01a1i. Nh\u01b0 \u0111\u00e3 ph\u00e2n t\u00edch tr\u01b0\u1edbc \u0111\u00e2y trong b\u00e0i vi\u1ebft Th\u1ecb tr\u01b0\u1eddng EURC t\u1ea1i T\u00e2y Ban Nha v\u00e0 s\u1ef1 tr\u1ed7i d\u1eady c\u1ee7a stablecoin d\u01b0\u1edbi k\u1ef7 nguy\u00ean MiCA<\/a>, vi\u1ec7c tu\u00e2n th\u1ee7 ph\u00e1p l\u00fd kh\u00f4ng c\u00f2n l\u00e0 l\u1ef1a ch\u1ecdn, m\u00e0 l\u00e0 v\u00e9 th\u00f4ng h\u00e0nh duy nh\u1ea5t \u0111\u1ec3 t\u1ed3n t\u1ea1i. Stephanie Allen v\u1edbi kinh nghi\u1ec7m d\u00e0y d\u1eb7n t\u1eeb SEC ch\u00ednh l\u00e0 m\u1ea3nh gh\u00e9p chi\u1ebfn l\u01b0\u1ee3c gi\u00fap Kast v\u01b0\u1ee3t qua nh\u1eefng \u0111i\u1ec3m ngh\u1ebdn k\u1ef9 thu\u1eadt trong vi\u1ec7c t\u00edch h\u1ee3p t\u00e0i s\u1ea3n s\u1ed1 v\u00e0o h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng.<\/p>\n

T\u1ea7m nh\u00ecn t\u1eeb nh\u1eefng c\u00fa b\u1ed3i v\u1ed1n 80 tri\u1ec7u USD v\u00e0 tham v\u1ecdng chi\u1ebfm l\u0129nh th\u1ecb tr\u01b0\u1eddng<\/h2>\n

T\u1ea1i sao m\u1ed9t c\u00f4ng ty thanh to\u00e1n l\u1ea1i c\u1ea7n m\u1ed9t c\u1ef1u quan ch\u1ee9c t\u1eeb c\u01a1 quan quy\u1ec1n l\u1ef1c nh\u1ea5t nh\u00ec th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh? C\u00e2u tr\u1ea3 l\u1eddi n\u1eb1m \u1edf “\u0111i\u1ec3m ch\u1ea1m” gi\u1eefa d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m v\u00e0 s\u1ef1 ho\u00e0i nghi c\u1ee7a gi\u1edbi qu\u1ea3n l\u00fd. Kho\u1ea3n huy \u0111\u1ed9ng 80 tri\u1ec7u USD kh\u00f4ng ch\u1ec9 l\u00e0 nhi\u00ean li\u1ec7u cho s\u1ef1 t\u0103ng tr\u01b0\u1edfng v\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt, m\u00e0 c\u00f2n l\u00e0 \u00e1p l\u1ef1c bu\u1ed9c doanh nghi\u1ec7p ph\u1ea3i x\u00e2y d\u1ef1ng m\u1ed9t h\u1ec7 sinh th\u00e1i thanh to\u00e1n kh\u00f4ng th\u1ec3 b\u1ecb lung lay tr\u01b0\u1edbc c\u00e1c l\u00e0n s\u00f3ng ch\u00ednh s\u00e1ch. Khi nh\u00ecn v\u00e0o b\u1ee9c tranh to\u00e0n c\u1ea3nh, ch\u00fang ta c\u00f3 th\u1ec3 th\u1ea5y s\u1ef1 t\u01b0\u01a1ng \u0111\u1ed3ng gi\u1eefa nh\u1eefng n\u1ed7 l\u1ef1c n\u00e0y v\u1edbi nh\u1eefng g\u00ec \u0111ang di\u1ec5n ra tr\u00ean th\u1ecb tr\u01b0\u1eddng Bitcoin to\u00e0n c\u1ea7u. Trong b\u00e0i vi\u1ebft Gi\u00e1 Bitcoin v\u00e0 r\u00e0o c\u1ea3n 80K: Nh\u1eefng \u0111i\u1ec3m ngh\u1ebdn k\u1ef9 thu\u1eadt trong k\u1ef7 nguy\u00ean Web3<\/a>, ch\u00fang ta \u0111\u00e3 t\u1eebng nh\u1ea5n m\u1ea1nh r\u1eb1ng ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c t\u00e0i s\u1ea3n s\u1ed1 \u0111ang ph\u1ee5 thu\u1ed9c m\u1eadt thi\u1ebft v\u00e0o kh\u1ea3 n\u0103ng t\u01b0\u01a1ng th\u00edch gi\u1eefa h\u1ea1 t\u1ea7ng k\u1ef9 thu\u1eadt v\u00e0 c\u00e1c khung ph\u00e1p l\u00fd. Kast, b\u1eb1ng vi\u1ec7c \u0111\u01b0a Stephanie Allen v\u00e0o \u0111\u1ed9i ng\u0169, \u0111ang c\u1ed1 g\u1eafng x\u00e2y d\u1ef1ng m\u1ed9t “c\u1ea7u n\u1ed1i” ni\u1ec1m tin, n\u01a1i c\u00f4ng ngh\u1ec7 blockchain ph\u1ee5c v\u1ee5 thanh to\u00e1n kh\u00f4ng c\u00f2n b\u1ecb nh\u00ecn nh\u1eadn nh\u01b0 m\u1ed9t v\u00f9ng x\u00e1m, m\u00e0 l\u00e0 m\u1ed9t ph\u1ea7n kh\u00f4ng th\u1ec3 thi\u1ebfu c\u1ee7a d\u00f2ng ch\u1ea3y t\u00e0i ch\u00ednh hi\u1ec7n \u0111\u1ea1i.<\/p>\n

Khi ranh gi\u1edbi gi\u1eefa t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng v\u00e0 phi t\u1eadp trung d\u1ea7n x\u00f3a nh\u00f2a<\/h2>\n

Vi\u1ec7c chi\u00eau m\u1ed9 nh\u00e2n s\u1ef1 c\u1ea5p cao t\u1eeb SEC l\u00e0 b\u01b0\u1edbc \u0111i ti\u00ean phong trong vi\u1ec7c “\u0111\u1ed1i tho\u1ea1i tr\u1ef1c di\u1ec7n” v\u1edbi c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd. \u0110i\u1ec1u n\u00e0y ho\u00e0n to\u00e0n tr\u00f9ng kh\u1edbp v\u1edbi xu h\u01b0\u1edbng m\u00e0 ch\u00fang ta quan s\u00e1t \u0111\u01b0\u1ee3c trong nh\u1eefng th\u00e1ng g\u1ea7n \u0111\u00e2y, n\u01a1i c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh b\u1eaft \u0111\u1ea7u nh\u1eadn ra r\u1eb1ng h\u1ecd kh\u00f4ng th\u1ec3 \u0111\u1ee9ng ngo\u00e0i cu\u1ed9c ch\u01a1i t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1. Th\u1ecb tr\u01b0\u1eddng hi\u1ec7n nay \u0111ang ch\u1ee9ng ki\u1ebfn nh\u1eefng \u0111i\u1ec3m ch\u1ea1m chi\u1ebfn l\u01b0\u1ee3c gi\u1eefa s\u00f3ng d\u1eef v\u00e0 c\u01a1 h\u1ed9i, nh\u01b0 \u0111\u00e3 \u0111\u1ec1 c\u1eadp trong b\u00e0i vi\u1ebft Th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed h\u00f4m nay: Nh\u1eefng \u0111i\u1ec3m ch\u1ea1m chi\u1ebfn l\u01b0\u1ee3c gi\u1eefa s\u00f3ng d\u1eef v\u00e0 c\u01a1 h\u1ed9i<\/a>. Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, Kast kh\u00f4ng ch\u1ec9 b\u00e1n gi\u1ea3i ph\u00e1p thanh to\u00e1n, h\u1ecd \u0111ang b\u00e1n ni\u1ec1m tin v\u1ec1 m\u1ed9t l\u1ed9 tr\u00ecnh h\u1ee3p ph\u00e1p h\u00f3a b\u1ec1n v\u1eefng. N\u1ebfu h\u1ecd th\u00e0nh c\u00f4ng trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh c\u00e1c ch\u00ednh s\u00e1ch m\u1edbi, \u0111\u00e2y s\u1ebd l\u00e0 m\u00f4 h\u00ecnh chu\u1ea9n m\u1ef1c m\u00e0 c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c trong ng\u00e0nh ph\u1ea3i h\u1ecdc h\u1ecfi \u0111\u1ec3 t\u1ed3n t\u1ea1i trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng m\u00e0 c\u00e1c “b\u1ee9c t\u01b0\u1eddng l\u1eeda” ph\u00e1p l\u00fd ng\u00e0y c\u00e0ng d\u00e0y \u0111\u1eb7c.<\/p>\n

D\u1ef1 b\u00e1o k\u1ecbch b\u1ea3n 6 th\u00e1ng t\u1edbi: S\u1ef1 chuy\u1ec3n d\u1ecbch trong c\u1ea5u tr\u00fac v\u1eadn h\u00e0nh<\/h2>\n

Trong ba \u0111\u1ebfn s\u00e1u th\u00e1ng t\u1edbi, ch\u00fang ta ho\u00e0n to\u00e0n c\u00f3 quy\u1ec1n k\u1ef3 v\u1ecdng v\u00e0o s\u1ef1 thay \u0111\u1ed5i trong c\u00e1ch Kast truy\u1ec1n th\u00f4ng v\u1ec1 s\u1ea3n ph\u1ea9m c\u1ee7a m\u00ecnh. V\u1edbi s\u1ef1 tham gia c\u1ee7a m\u1ed9t chuy\u00ean gia ch\u00ednh s\u00e1ch, c\u00e1c th\u00f4ng b\u00e1o v\u1ec1 vi\u1ec7c t\u00edch h\u1ee3p stablecoin v\u00e0o c\u00e1c chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u ho\u1eb7c c\u00e1c h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng l\u1edbn s\u1ebd tr\u1edf n\u00ean thuy\u1ebft ph\u1ee5c h\u01a1n. \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111\u00e2y l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u t\u00edch c\u1ef1c. Thay v\u00ec theo \u0111u\u1ed5i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n c\u1ee7a c\u00e1c lo\u1ea1i ti\u1ec1n s\u1ed1 \u0111\u1ea7y r\u1ee7i ro, vi\u1ec7c ch\u00fa \u00fd \u0111\u1ebfn nh\u1eefng c\u00f4ng ty \u0111ang th\u1ef1c hi\u1ec7n c\u00e1c b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c nh\u01b0 Kast s\u1ebd mang l\u1ea1i c\u00e1i nh\u00ecn d\u00e0i h\u1ea1n v\u00e0 s\u1eafc b\u00e9n h\u01a1n v\u1ec1 s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a n\u1ec1n kinh t\u1ebf s\u1ed1. Ch\u00fang ta kh\u00f4ng ch\u1ec9 \u0111ang ch\u1ee9ng ki\u1ebfn m\u1ed9t cu\u1ed9c \u0111ua v\u1ec1 c\u00f4ng ngh\u1ec7, m\u00e0 l\u00e0 m\u1ed9t cu\u1ed9c chi\u1ebfn v\u1ec1 t\u01b0 duy qu\u1ea3n tr\u1ecb, n\u01a1i k\u1ebb n\u00e0o hi\u1ec3u r\u00f5 “ng\u00f4n ng\u1eef” c\u1ee7a c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd, k\u1ebb \u0111\u00f3 s\u1ebd n\u1eafm gi\u1eef ch\u00eca kh\u00f3a c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong th\u1eadp k\u1ef7 t\u1edbi.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cointelegraph.com<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Vi\u1ec7c Kast, m\u1ed9t n\u1ec1n t\u1ea3ng thanh to\u00e1n b\u1eb1ng stablecoin \u0111\u1ea7y tham v\u1ecdng, v\u1eeba ch\u00ednh th\u1ee9c chi\u00eau m\u1ed9 Stephanie Allen \u2013 c\u1ef1u c\u1ed1 v\u1ea5n c\u1ea5p cao t\u1eeb \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch M\u1ef9 (SEC) \u2013 \u0111\u1ec3 n\u1eafm quy\u1ec1n \u0111i\u1ec1u h\u00e0nh m\u1ea3ng truy\u1ec1n th\u00f4ng ch\u00ednh s\u00e1ch, kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t b\u1ea3n tin b\u1ed5 […]<\/p>\n","protected":false},"author":1,"featured_media":11414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[51],"tags":[],"class_list":["post-11415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-va-web3"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=11415"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/11414"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=11415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=11415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=11415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}