#香港稳定币新规 Hong Kong's new stablecoin regulations, as the first comprehensive regulatory framework in Asia, have a demonstration effect. It is likely to encourage other financial centers in Asia to reference its rules to formulate or improve their own regulatory policies, enhancing the comprehensiveness and rigor of regulation. Although strict licensing and reserve requirements have certain thresholds, they can provide protection for investors, boost market confidence, and may attract more compliance-focused stablecoin projects to choose to operate in Hong Kong.