According to a report by Deep Tide TechFlow, the Hong Kong (Stablecoin Regulation Draft) was passed last month and will officially take effect on August 1, 2025. Chen Peiquan, Vice President of Victory Securities, stated that Hong Kong has advantages in the development of stablecoins, as the bill allows for greater freedom and is not limited to the Hong Kong dollar, but can also include other high-quality, low-risk assets.
The current market size of stablecoins is approximately $250 billion and is expected to rise to $300 billion by the end of the year, with the potential to reach $1 trillion in the coming years. Chen Peiquan believes that the expansion of the stablecoin market will drive up demand for cryptocurrencies such as Bitcoin.
