According to CoinMeta, and as reported by Reuters, the Financial Stability Board released a regulatory assessment report on Turkish crypto assets on November 11. The report indicates that although Turkey has largely regulated the crypto market, there is still a need to improve the regulatory framework for crypto assets and stablecoins to prevent financial stability risks. The report shows that last year, the trading volume of crypto assets in Turkey approached $200 billion, with the market mainly driven by retail investors. Affected by the continuous depreciation of the lira and high inflation, cryptocurrencies and stablecoins have become tools for local residents to hedge against currency devaluation. The report specifically points out that Turkey has not yet established a regulatory system for stablecoin issuers, which may exacerbate digital dollarization and foreign exchange-related risks. Despite Turkey having banned the use of crypto assets for domestic payments, it is still recommended to establish a formal financial stability risk monitoring mechanism, strengthen market data collection and integration, and deepen cross-border regulatory cooperation.