'If stablecoins are the 'hard currency' to a new financial order, then Hong Kong is truly ready this time.'
With the official third reading of (the stablecoin regulation draft) passed, Hong Kong not only stands at the forefront of global Web3 governance but also opens up a new path that is compliant, sustainable, and future-oriented for global stablecoin issuers.
One, (the stablecoin regulation) is implemented, Hong Kong plays the compliance 'trump card'.
On May 21, the Legislative Council of the Hong Kong Special Administrative Region officially passed (the stablecoin regulation draft). This move is not merely an upgrade in regulation but a significant signal released by Hong Kong to the global Web3 market:
Establish a licensing system for stablecoin issuers, fully incorporating stablecoins issued in Hong Kong or pegged to the Hong Kong dollar into regulation;
All issuers must comply with a complete set of system standards, including reserve asset management, redemption mechanisms, anti-money laundering, risk control, audit disclosure, etc.;
The Financial Management Commissioner will conduct further consultations on detailed requirements, leaving room for market adjustments.
This also means: Hong Kong officially becomes the first financial hub in Asia to issue stablecoins with a clear regulatory licensing system.
Two, industry hot topics: This is a watershed moment for Web3 to go mainstream.
Hong Kong Legislative Council member Wu Jiezhuang stated after the meeting: 'This is an important milestone in the global development of Web3 and a key step for Hong Kong to become an international Web3 center.'
Industry experts point out that this move will trigger three major direct chain reactions:
The compliance channel for funds is opened—global Web3 institutions can establish stablecoin businesses in Hong Kong with legal identities, reducing the trust cost of cross-border transactions;
Structural reconstruction of the Asian market—Hong Kong dollar stablecoins are expected to achieve a substitution effect in multiple fields such as cross-border settlement, payments, retail, and supply chain finance;
The bridge between traditional finance and crypto assets is taking shape—helping to bring traditional institutional users (such as banks, payment companies, retailers) into the Web3 space.
For project parties, this is not only a favorable policy but also a window period to seize first-mover advantages.
Three, Hong Kong stablecoin ecosystem: Issuance is just the beginning, application is the core.
Wu Jiezhuang specifically pointed out that the introduction of the policy is only the first step in infrastructure construction; the real key lies in how to create 'landing scenarios' for stablecoins:
Physical retail: Restaurants, convenience stores, and the tourism industry can be the first to adopt stablecoin settlements;
Cross-border trade: The supply chain settlements between China and Hong Kong, Hong Kong and ASEAN, and Hong Kong and Africa may see 'stablecoin channels';
Trading market: Hong Kong dollar stablecoins can become the main trading pair and collateral asset in the local DeFi market;
Web3 platforms: Stablecoins are expected to achieve native integration in ecosystems such as gaming, public chain projects, and NFT markets.
In the process of accelerating the construction at the application layer, incentive mechanisms must also be introduced. For example, releasing interest to holders to increase the attractiveness of holding coins; or introducing collateralizable and stakeable DeFi scenarios to enhance liquidity and utilization.
Four, why is this crucial for Web3 practitioners, project parties, and investors?
This wave of policy clarification maximally releases market opportunities in the following dimensions:
✅ Compliance dividends: Obtaining a Hong Kong licensing permit allows you to be seen globally as a compliant stablecoin issuer, bridging the trust gap between traditional finance and Web3;
✅ First-mover advantage: The licensing system will officially launch by the end of this year, allowing early deployers to establish brand trust and user base first;
✅ Asset bridge role: Stablecoins are the key link for DeFi, cross-chain, and payments; whoever controls the issuance of stablecoins holds the entrance to the ecosystem;
✅ Surge in capital attention: The stablecoin sector has long been favored by institutional funds, and with a clear compliance path, it will attract more VC and institutional capital investments.
Five, Mlion.ai perspective: Which tokens/projects can be ignited by the stablecoin policy dividends?
Faced with such a policy-driven change, how can one accurately judge which projects will benefit and which markets will react strongly?
At this time, using Mlion.ai's AI news deep analysis, coin price prediction models, and on-chain fund flow tracking systems will become your core investment research tools:
Quickly identify whether funds are flowing into stablecoin infrastructure-related projects (such as payment gateways, custody, on-chain auditing, etc.);
Determine whether exchanges or DeFi protocols have launched Hong Kong dollar stablecoin-related trading pairs or functionalities;
Track whether well-known institutions are involved in the Hong Kong stablecoin license application or related entities or partners;
Detect whether there are already a large number of Hong Kong dollar-related contract addresses deployed and an increase in activity on the chain.
Planning ahead is far better than being reactive. The policy window period only belongs to those who understand and act first.
Summary: The stable anchor of the Web3 new era has emerged; Hong Kong is not just talking about it.
From today, stablecoins are no longer experimental products in the 'gray area', but a new type of digital currency product with a compliance moat in Hong Kong and global influence.
The compliance of stablecoins will become the core variable linking fund flow, trust, and real-world landing scenarios in the Web3 ecosystem. This card from Hong Kong may reshape the stablecoin landscape across Asia and even globally.
For players already in the Web3 space, the establishment of these new rules represents a historical moment where risks are clarified and opportunities are magnified. Are you ready?
Disclaimer:
The above content is for informational reference only and does not constitute any investment advice. The blockchain and cryptocurrency policies are ever-changing; entry should be based on one's own judgment and utilize professional platforms like Mlion.ai for systematic analysis and risk assessment.
