On June 20, according to Hong Kong 01, the draft “Stablecoin Regulation” in Hong Kong was passed last month and will officially take effect on August 1, 2025. Chan Pui Chuen, Vice President of Victory Securities, stated that Hong Kong has significant advantages in the development of stablecoins, with considerable freedom in the relevant legislation, which is not limited to the Hong Kong dollar and can also include other high-quality, low-risk assets. Currently, the stablecoin market size is about $250 billion and is expected to rise to $300 billion by the end of the year, with the potential to reach $1 trillion in the next few years. Chan Pui Chuen believes that the expansion of the stablecoin market will drive the demand for Bitcoin and other Crypto Assets.
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Victory Securities: The stablecoin market size is expected to reach 1 trillion USD.
On June 20, according to Hong Kong 01, the draft “Stablecoin Regulation” in Hong Kong was passed last month and will officially take effect on August 1, 2025. Chan Pui Chuen, Vice President of Victory Securities, stated that Hong Kong has significant advantages in the development of stablecoins, with considerable freedom in the relevant legislation, which is not limited to the Hong Kong dollar and can also include other high-quality, low-risk assets. Currently, the stablecoin market size is about $250 billion and is expected to rise to $300 billion by the end of the year, with the potential to reach $1 trillion in the next few years. Chan Pui Chuen believes that the expansion of the stablecoin market will drive the demand for Bitcoin and other Crypto Assets.