Brokers point out that stablecoins are ushering in a new period of regulatory acceleration

On June 2, in the Hong Kong stock market, digital currency concept stocks collectively pulled up. Continuous digital intraday rose by 80%, mobile card rose by nearly 50%, and Oco Cloud Chain rose by more than 45%. As of the close, continuous digital rose by more than 60%, Oco Cloud Chain rose by more than 40%, mobile card rose by nearly 40%, and ZhongAn Online rose by nearly 10%. From a policy perspective, the recent positive news in the digital currency industry has continued, especially the sudden emergence of stablecoins, which have become the new focus of global financial marekting. The Hong Kong Special Administrative Region government gazetted the Stablecoin Ordinance on May 30, which means that the Stablecoin Ordinance has officially become law. According to the current progress, the compliance stablecoin in Hong Kong is expected to be officially launched before the end of this year. In addition, the United States is also accelerating the promotion of the stablecoin regulatory bill. Some brokerages pointed out that stablecoins are ushering in a new regulatory acceleration period and will also be regarded as an important financial innovation tool. It is expected that they will still receive policy support in the future, and the industry development space will be further opened. (BrokerChina)