Major news has emerged in the fintech sector as Ant Group officially submitted an application for a stablecoin license in Hong Kong, triggering widespread follow in the digital money market. With its massive cross-border payment system and transaction scale, this move is seen as a significant impact on the global payment system, directly challenging the existing stablecoin market landscape.

According to data, Ant Group's independently developed Whale platform has exceeded a trading volume of 1 trillion USD in 2023. If the platform shifts to stablecoin settlement, it will achieve instant cross-border transactions with transaction costs that are nearly negligible. The market reacted quickly, with related concept stocks such as Yunfeng Financial seeing their share prices rise by nearly 100%, reflecting investors' high optimism about the prospects in this field.

This time it is not an ordinary project party's concept marketing, but a strong regular army officially entering the Digital Money field. This move creates unprecedented competitive pressure on existing market leaders and may also reshape the entire industry rules.

It is noteworthy that the Hong Kong stablecoin license has set a very high threshold, seemingly tailored for large institutions such as Ant Group, JD.com, and Standard Chartered Bank. This suggests that the future stablecoin market may be dominated by large enterprises that meet regulatory requirements, forming a new market landscape.

In the long run, this change may signify a shift in international payment models. In the future, when consumers use local payment tools to purchase overseas goods, the underlying settlement mechanism may adopt HKD stablecoin, bypassing the existing SWIFT system and USD settlement channels, achieving a self-controlled payment system. This is both an experiment in the internationalization of the Renminbi and an exploration of practical paths for de-dollarization.

For the Digital Money market, this marks the first time that the traditional stablecoin dominance faces systemic challenges. This is not simply a competition between projects, but an important layout with national strategic significance, aimed at reconstructing the stablecoin ecosystem.

In the current market environment, true investment opportunities arise from a keen grasp of the overall situation's changes, rather than solely relying on technical analysis.