According to Foresight News and Beijing Business Daily, Wang Hongying, director of the Financial Derivatives Investment Research Institute of China (Hong Kong), stated that the recent rise in the concept stocks of stablecoins in Hong Kong is primarily due to two factors. First, many overseas markets, including Hong Kong, have introduced regulations related to stablecoins, which has become an important legal foundation for the steady development of the stablecoin market, allowing more institutions to enter the stablecoin market. Second, since stablecoins are an innovative data asset in the global digital economy, their binding on stable cash flow, sound operations, and blockchain encryption technology allows the entire enterprise's assets to be globally tradable and priceable, leading to a positive development trend in the stablecoin market.
Wang Hongying stated, "The development of the world economy will face an explosive trend in data assets. Various digital virtual assets represented by stablecoins precisely align with this trend, leading to better development of the trading scale of the stablecoin market globally. Against this backdrop, brokerage firms applying for licenses related to virtual asset trading can enhance the valuation, pricing, and trading of virtual assets such as stablecoins, thereby bringing about an increase in business and scale."