{"id":18528,"date":"2026-04-08T13:02:10","date_gmt":"2026-04-08T13:02:10","guid":{"rendered":"https:\/\/cryptozen.asia\/vn\/hoi-dong-co-van-kinh-te-nha-trang-loi-suat-stablecoin-khong-de-doa-cac-ngan-hang-nho\/"},"modified":"2026-04-08T13:02:10","modified_gmt":"2026-04-08T13:02:10","slug":"hoi-dong-co-van-kinh-te-nha-trang-loi-suat-stablecoin-khong-de-doa-cac-ngan-hang-nho","status":"publish","type":"post","link":"https:\/\/cryptozen.asia\/vn\/hoi-dong-co-van-kinh-te-nha-trang-loi-suat-stablecoin-khong-de-doa-cac-ngan-hang-nho\/","title":{"rendered":"H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf Nh\u00e0 Tr\u1eafng: L\u1ee3i su\u1ea5t Stablecoin kh\u00f4ng \u0111e d\u1ecda c\u00e1c ng\u00e2n h\u00e0ng nh\u1ecf"},"content":{"rendered":"<h2>Ph\u00e2n T\u00edch T\u00e1c \u0110\u1ed9ng C\u1ee7a Vi\u1ec7c C\u1ea5m Ph\u1ea7n Th\u01b0\u1edfng Stablecoin<\/h2>\n<p>C\u00e1c nh\u00e0 kinh t\u1ebf c\u1ee7a Nh\u00e0 Tr\u1eafng \u0111\u00e3 k\u1ebft lu\u1eadn r\u1eb1ng vi\u1ec7c <strong>c\u1ea5m c\u00e1c c\u00f4ng ty ti\u1ec1n \u0111i\u1ec7n t\u1eed cung c\u1ea5p ph\u1ea7n th\u01b0\u1edfng stablecoin<\/strong> s\u1ebd c\u00f3 t\u00e1c \u0111\u1ed9ng t\u1ed1i thi\u1ec3u \u0111\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng, ch\u1ec9 l\u00e0m t\u0103ng kh\u1ea3 n\u0103ng cho vay c\u1ee7a h\u1ecd th\u00eam <strong>0.026%<\/strong>, m\u1eb7c d\u00f9 c\u00f3 nh\u1eefng c\u1ea3nh b\u00e1o t\u1eeb ng\u00e0nh c\u00f4ng nghi\u1ec7p v\u1ec1 vi\u1ec7c c\u00f3 th\u1ec3 m\u1ea5t m\u00e1t nghi\u00eam tr\u1ecdng ti\u1ec1n g\u1eedi.<\/p>\n<blockquote>\n<p>H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf \u0111\u00e3 c\u00f4ng b\u1ed1 m\u1ed9t ph\u00e2n t\u00edch v\u00e0o th\u1ee9 Ba v\u1ec1 cu\u1ed9c tranh lu\u1eadn gay g\u1eaft gi\u1eefa ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng v\u00e0 nh\u1eefng ng\u01b0\u1eddi \u1ee7ng h\u1ed9 c\u00e1c s\u1ea3n ph\u1ea9m l\u1ee3i su\u1ea5t ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/p>\n<\/blockquote>\n<p>Theo m\u00f4 h\u00ecnh kinh t\u1ebf c\u1ee7a h\u1ecd, vi\u1ec7c c\u1ea5m ph\u1ea7n th\u01b0\u1edfng stablecoin s\u1ebd l\u00e0m t\u0103ng kh\u1ea3 n\u0103ng cho vay c\u1ee7a ng\u00e2n h\u00e0ng th\u00eam <strong>2.1 t\u1ef7 USD<\/strong>, v\u1edbi chi ph\u00ed ph\u00fac l\u1ee3i r\u00f2ng l\u00e0 <strong>800 tri\u1ec7u USD<\/strong>, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi m\u1ee9c t\u0103ng cho vay <strong>0.02%<\/strong>. C\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng s\u1ebd ch\u1ec9 th\u1ef1c hi\u1ec7n <strong>24%<\/strong> trong s\u1ed1 kho\u1ea3n cho vay b\u1ed5 sung \u0111\u00f3, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng <strong>500 tri\u1ec7u USD<\/strong> &#8211; m\u1ed9t m\u1ee9c t\u0103ng <strong>0.026%<\/strong> so v\u1edbi c\u00e1c con s\u1ed1 hi\u1ec7n t\u1ea1i.<\/p>\n<p>Ngay c\u1ea3 khi &#8220;x\u1ebfp ch\u1ed3ng m\u1ecdi gi\u1ea3 \u0111\u1ecbnh t\u1ed3i t\u1ec7 nh\u1ea5t,&#8221; y\u00eau c\u1ea7u th\u1ecb tr\u01b0\u1eddng stablecoin ph\u1ea3i t\u0103ng g\u1ea5p s\u00e1u l\u1ea7n, c\u00e1c t\u00e1c gi\u1ea3 c\u1ee7a b\u00e1o c\u00e1o \u0111\u00e3 l\u01b0u \u00fd r\u1eb1ng c\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng ch\u1ec9 th\u1ea5y m\u1ee9c t\u0103ng cho vay <strong>6.7%<\/strong>, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng <strong>129 t\u1ef7 USD<\/strong>.<\/p>\n<blockquote>\n<p>Quan \u0111i\u1ec3m c\u1ee7a H\u1ed9i \u0111\u1ed3ng tr\u00e1i ng\u01b0\u1ee3c r\u00f5 r\u1ec7t v\u1edbi ng\u00f4n ng\u1eef c\u1ee7a ng\u00e0nh ng\u00e2n h\u00e0ng, v\u1edbi Hi\u1ec7p h\u1ed9i Ng\u00e2n h\u00e0ng C\u1ed9ng \u0111\u1ed3ng \u0110\u1ed9c l\u1eadp c\u1ee7a M\u1ef9 c\u1ea3nh b\u00e1o r\u1eb1ng c\u00e1c ng\u00e2n h\u00e0ng nh\u1ecf c\u00f3 nguy c\u01a1 m\u1ea5t <strong>1.3 ngh\u00ecn t\u1ef7 USD<\/strong> ti\u1ec1n g\u1eedi v\u00e0 <strong>850 t\u1ef7 USD<\/strong> kho\u1ea3n vay n\u1ebfu lu\u1eadt ph\u00e1p cho ph\u00e9p l\u1ee3i su\u1ea5t tr\u00ean stablecoin \u0111\u01b0\u1ee3c th\u00f4ng qua.<\/p>\n<\/blockquote>\n<p>&#8220;C\u00e1c \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 t\u00ecm th\u1ea5y t\u00e1c \u0111\u1ed9ng ph\u00fac l\u1ee3i t\u00edch c\u1ef1c t\u1eeb vi\u1ec7c c\u1ea5m l\u1ee3i su\u1ea5t c\u0169ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 kh\u00f4ng th\u1ec3 x\u1ea3y ra,&#8221; h\u1ecd vi\u1ebft, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh r\u1eb1ng vi\u1ec7c ch\u1eb7n l\u1ee3i su\u1ea5t stablecoin s\u1ebd &#8220;kh\u00f4ng l\u00e0m g\u00ec nhi\u1ec1u \u0111\u1ec3 b\u1ea3o v\u1ec7 cho vay ng\u00e2n h\u00e0ng, trong khi t\u1eeb b\u1ecf l\u1ee3i \u00edch c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng t\u1eeb c\u00e1c kho\u1ea3n ho\u00e0n tr\u1ea3 c\u1ea1nh tranh tr\u00ean c\u00e1c kho\u1ea3n n\u1eafm gi\u1eef stablecoin.&#8221;<\/p>\n<h2>\u0110\u1ea1o Lu\u1eadt Clarity v\u00e0 Cu\u1ed9c \u0110\u00e0m Ph\u00e1n Ch\u00ednh S\u00e1ch Stablecoin<\/h2>\n<p>B\u00e1o c\u00e1o \u0111\u01b0\u1ee3c \u0111\u01b0a ra khi <strong>\u0110\u1ea1o lu\u1eadt Clarity<\/strong>, \u0111\u1ea1o lu\u1eadt n\u00e0y s\u1ebd c\u1ea5m ph\u1ea7n th\u01b0\u1edfng stablecoin c\u1ee7a b\u00ean th\u1ee9 ba ho\u1eb7c thi\u1ebft l\u1eadp khung ph\u00e1p l\u00fd cho ch\u00fang, \u0111\u00e3 b\u1ecb \u0111\u00ecnh tr\u1ec7 t\u1ea1i Qu\u1ed1c h\u1ed9i trong nhi\u1ec1u th\u00e1ng gi\u1eefa s\u1ef1 v\u1eadn \u0111\u1ed9ng m\u1ea1nh m\u1ebd t\u1eeb c\u1ea3 hai l\u0129nh v\u1ef1c ng\u00e2n h\u00e0ng v\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed.<\/p>\n<p>C\u00e1c c\u00f4ng ty nh\u01b0 <strong>Coinbase<\/strong>, hi\u1ec7n \u0111ang cung c\u1ea5p l\u1ee3i su\u1ea5t h\u00e0ng n\u0103m <strong>3.5%<\/strong> tr\u00ean s\u1ed1 d\u01b0 USDC cho m\u1ed9t s\u1ed1 kh\u00e1ch h\u00e0ng nh\u1ea5t \u0111\u1ecbnh, \u0111\u00e3 th\u00fac \u0111\u1ea9y s\u1ef1 r\u00f5 r\u00e0ng v\u1ec1 quy \u0111\u1ecbnh trong khi c\u00e1c ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng t\u00ecm ki\u1ebfm c\u00e1c h\u1ea1n ch\u1ebf.<\/p>\n<p>Nh\u00e0 Tr\u1eafng \u0111\u00e3 t\u00edch c\u1ef1c l\u00e0m trung gian cho c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n v\u1ec1 ch\u00ednh s\u00e1ch stablecoin trong nh\u1eefng th\u00e1ng g\u1ea7n \u0111\u00e2y khi ng\u00e0nh d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh v\u1eabn c\u00f2n chia r\u1ebd. C\u00e1c nh\u00f3m th\u01b0\u01a1ng m\u1ea1i ng\u00e2n h\u00e0ng kh\u1eb3ng \u0111\u1ecbnh r\u1eb1ng l\u1ee3i su\u1ea5t stablecoin kh\u00f4ng b\u1ecb h\u1ea1n ch\u1ebf \u0111e d\u1ecda c\u01a1 s\u1edf ti\u1ec1n g\u1eedi v\u00e0 kh\u1ea3 n\u0103ng cho vay c\u1ee7a h\u1ecd, \u0111\u1eb7c bi\u1ec7t l\u00e0 \u0111\u1ed1i v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c nh\u1ecf ph\u1ee5c v\u1ee5 c\u00e1c c\u1ed9ng \u0111\u1ed3ng n\u00f4ng th\u00f4n.<\/p>\n<p>Cu\u1ed9c tranh lu\u1eadn v\u1ec1 l\u1ee3i su\u1ea5t stablecoin \u0111\u00e3 gia t\u0103ng khi c\u00e1c c\u00f4ng ty ti\u1ec1n \u0111i\u1ec7n t\u1eed ng\u00e0y c\u00e0ng c\u1ea1nh tranh v\u1edbi c\u00e1c d\u1ecbch v\u1ee5 ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng. Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 <strong>Cynthia Lummis<\/strong> \u0111\u00e3 k\u00eau g\u1ecdi c\u00e1c ng\u00e2n h\u00e0ng &#8220;\u0111\u00f3n nh\u1eadn&#8221; stablecoin v\u00e0o th\u00e1ng Hai gi\u1eefa b\u1ebf t\u1eafc v\u1ec1 \u0110\u1ea1o lu\u1eadt Clarity.<\/p>\n<p>C\u00e1c nh\u00e0 l\u1eadp ph\u00e1p \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng lu\u1eadt v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed s\u1ebd \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t cu\u1ed9c b\u1ecf phi\u1ebfu quan tr\u1ecdng v\u00e0o th\u00e1ng T\u01b0 v\u1edbi th\u1eddi h\u1ea1n th\u00f4ng qua v\u00e0o th\u00e1ng N\u0103m. Trong khi \u0111\u00f3, c\u00e1c ng\u00e2n h\u00e0ng truy\u1ec1n th\u1ed1ng \u0111ang chuy\u1ec3n sang d\u1ecbch v\u1ee5 l\u01b0u k\u00fd ti\u1ec1n \u0111i\u1ec7n t\u1eed trong khi \u0111\u1ed3ng th\u1eddi v\u1eadn \u0111\u1ed9ng ch\u1ed1ng l\u1ea1i c\u00e1c s\u1ea3n ph\u1ea9m stablecoin c\u00f3 l\u1ee3i su\u1ea5t.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ph\u00e2n T\u00edch T\u00e1c \u0110\u1ed9ng C\u1ee7a Vi\u1ec7c C\u1ea5m Ph\u1ea7n Th\u01b0\u1edfng Stablecoin C\u00e1c nh\u00e0 kinh t\u1ebf c\u1ee7a Nh\u00e0 Tr\u1eafng \u0111\u00e3 k\u1ebft lu\u1eadn r\u1eb1ng vi\u1ec7c c\u1ea5m c\u00e1c c\u00f4ng ty ti\u1ec1n \u0111i\u1ec7n t\u1eed cung c\u1ea5p ph\u1ea7n th\u01b0\u1edfng stablecoin s\u1ebd c\u00f3 t\u00e1c \u0111\u1ed9ng t\u1ed1i thi\u1ec3u \u0111\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng&#8230;<\/p>\n","protected":false},"author":3,"featured_media":18527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[4225,7367,4226,6546,4892,11100,4217,4756,5106],"class_list":["post-18528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-legal","tag-bitcoin","tag-clarity-act","tag-coinbase","tag-congress","tag-cynthia-lummis","tag-independent-community-bankers-of-america","tag-legal","tag-usdc","tag-white-house"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf Nh\u00e0 Tr\u1eafng: L\u1ee3i su\u1ea5t Stablecoin kh\u00f4ng \u0111e d\u1ecda c\u00e1c ng\u00e2n h\u00e0ng nh\u1ecf - CryptoZen<\/title>\n<meta name=\"description\" content=\"H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf Nh\u00e0 Tr\u1eafng l\u1eadp lu\u1eadn r\u1eb1ng vi\u1ec7c c\u1ea5m l\u1ee3i su\u1ea5t stablecoin c\u00f3 t\u00e1c \u0111\u1ed9ng t\u1ed1i thi\u1ec3u \u0111\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng, ch\u1ec9 l\u00e0m t\u0103ng kh\u1ea3 n\u0103ng cho vay th\u00eam 0.026%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptozen.asia\/vn\/hoi-dong-co-van-kinh-te-nha-trang-loi-suat-stablecoin-khong-de-doa-cac-ngan-hang-nho\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf Nh\u00e0 Tr\u1eafng: L\u1ee3i su\u1ea5t Stablecoin kh\u00f4ng \u0111e d\u1ecda c\u00e1c ng\u00e2n h\u00e0ng nh\u1ecf - CryptoZen\" \/>\n<meta property=\"og:description\" content=\"H\u1ed9i \u0111\u1ed3ng C\u1ed1 v\u1ea5n Kinh t\u1ebf Nh\u00e0 Tr\u1eafng l\u1eadp lu\u1eadn r\u1eb1ng vi\u1ec7c c\u1ea5m l\u1ee3i su\u1ea5t stablecoin c\u00f3 t\u00e1c \u0111\u1ed9ng t\u1ed1i thi\u1ec3u \u0111\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng c\u1ed9ng \u0111\u1ed3ng, ch\u1ec9 l\u00e0m t\u0103ng kh\u1ea3 n\u0103ng cho vay th\u00eam 0.026%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptozen.asia\/vn\/hoi-dong-co-van-kinh-te-nha-trang-loi-suat-stablecoin-khong-de-doa-cac-ngan-hang-nho\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoZen\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-08T13:02:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptozen.asia\/vn\/wp-content\/uploads\/sites\/27\/2026\/04\/story_175503_preview.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta 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