Global Shock ⚡ Hong Kong Takes Action! The world's first 'Iron-Blood Stablecoin Bill' makes a stunning debut, is the dollar hegemony facing its end?

Hong Kong officially launches the 'Stablecoin Regulation Draft', leading the way to tie global stablecoins with 'compliance shackles'. Three hardline red lines shock the crypto circle:

💰 The paid-in capital must not be less than 25 million Hong Kong dollars

🔒 Reserves must be 100% covered by real assets, goodbye to empty promises

📊 Mandatory monthly audits, transparency off the charts

Even overseas stablecoins pegged to the Hong Kong dollar must be licensed, and the once-collapsed TerraUSD can't even meet the threshold!

💥 This move directly targets the dominance of the US dollar!

Currently, over 90% of stablecoins are pegged to the US dollar, while Hong Kong clearly allows the issuance of stablecoins pegged to the Hong Kong dollar, RMB, or even multiple currencies, the ambition is evident.

Standard Chartered has trialed 'Hong Kong Dollar Stablecoin + Digital RMB' for cross-border settlements, and in the future, payments in the Greater Bay Area could be as simple as sending red packets.

Citi forecasts that the stablecoin market will reach $3.7 trillion by 2030, and Hong Kong is racing to secure the top position as a 'Digital Finance Super Hub'.

🎯 Hong Kong Model: Regulation ≠ Restriction, but an Innovation Accelerator

Unlike the 'bickering-style' regulation in Europe and the US, Hong Kong achieves balance through a combination of 'strict rules + regulatory sandbox':

💡 Strict requirements to prevent collapses

🧪 Sandbox mechanism to encourage experimentation

For example, local telecom giants are integrating stablecoins into 8 million e-wallets, potentially linking with mainland payment giants in the future, seeking stability while flying high!

This is not just regional legislation, but Hong Kong's challenge and reconstruction of the global crypto-financial order.

Do you think Hong Kong can rise as the 'New Center of Digital Finance'?