Hong Kong has passed the Stablecoin Regulation.
The Financial Secretary of Hong Kong, Paul Chan, noted in his essay that Hong Kong has passed the Stablecoin Regulation, allowing licensed issuers to choose different fiat currencies as the pegged currency for stablecoins.
This policy not only provides a new paradigm for the global stablecoin market but also enhances liquidity and competitiveness in the Hong Kong market.
The role of stablecoins is not limited to digital asset trading; they are becoming a key bridge connecting on-chain and off-chain financial worlds.
The ecosystem of stablecoins is shifting from early issuance to distribution and actual use.