PANews June 2 news, according to Securities China report, in the Hong Kong stock market, digital currency concept stocks collectively surged, with Lianlian Digital rising by as much as 80% during trading, Yika rising nearly 50%, and OKLink rising over 45%. By the close, Lianlian Digital's rise was still over 60%, OKLink rose over 40%, Yika rose nearly 40%, and ZhongAn Online rose nearly 10%. From a policy perspective, there has been a continuous stream of positive news for the digital currency industry recently, especially the rise of stablecoins, which have become a new focus in the global financial market. The Hong Kong Special Administrative Region government published the (Stablecoin Ordinance) in the gazette on May 30, which means the (Stablecoin Ordinance) has officially become law. According to the current progress, compliant Hong Kong stablecoins are expected to be officially launched by the end of this year. In addition, the United States is also accelerating the promotion of stablecoin regulatory bills. Some brokerages pointed out that stablecoins are entering a new phase of accelerated regulation and will be regarded as important financial innovation tools, with expectations of continued policy support and further opening of industry development space.
