According to Foresight News, recent reports from Beijing Business Daily highlight the rise in stablecoin concept stocks in Hong Kong. Wang Hongying, Director of the China (Hong Kong) Financial Derivatives Investment Research Institute, attributes this trend to two main factors. Firstly, several international markets, including Hong Kong, have introduced regulations concerning stablecoins, providing a legal foundation that supports the steady growth of the stablecoin market and encourages more institutions to participate.
Secondly, stablecoins represent an innovative data asset within the global digital economy. Their value is tied to stable corporate cash flows, robust operations, and blockchain encryption technology, making corporate assets globally tradable and priceable. This has led to a positive development trend in the stablecoin market.
Wang Hongying further noted that the global economy is poised for a surge in data assets, with stablecoins and other digital virtual assets aligning with this trend. As a result, the global trading scale of stablecoins is expected to improve. In this context, brokerage firms applying for virtual asset trading licenses can enhance the valuation, pricing, and trading of stablecoins and other virtual assets, thereby increasing business and scale in the backdrop of digital economic growth.