PANews, May 21 news, according to HashKey official news, the Hong Kong Legislative Council has passed the (Stablecoin Regulation Bill) on the third reading, marking the formal entry of global stablecoin regulation into a new era in Hong Kong. As the preferred public chain for finance and RWA assets, HashKey Chain responded immediately, announcing that it will provide full-stack support for Hong Kong dollar stablecoins and RWA projects that can serve as their reserve assets, accelerating the construction of on-chain infrastructure for stablecoin issuance, circulation, and management.
HashKey Chain stated that stablecoins will become the core hub of the on-chain financial system and a key starting point for promoting the integration of on-chain value circulation and traditional finance. HashKey Chain is ready to fully support the issuance and implementation of local Hong Kong stablecoins under a secure and efficient technological framework.
At the same time, HashKey Chain announced the upcoming launch of a non-wear, 1:1 on-chain stablecoin swap tool, providing an underlying acceleration engine for the large-scale application of stablecoins from both liquidity and technical accessibility perspectives, aiding their widespread use in real financial scenarios.