China Galaxy Securities: Hong Kong Launches Stablecoin Ordinance, RWA Sees New Opportunity
2025-06-05 08:01:43
China Galaxy Securities released a research report saying that the passage of Hong Kong's "Stablecoin Bill" marks the landing of the world's first legal currency stablecoin regulatory framework system. On the one hand, stablecoins provide RWA with low-cost and efficient pricing and settlement tools. On the other hand, they enhance RWA liquidity and catalyze more RWA product innovation and application scenarios. Focus on stablecoins and RWA: a) support for stablecoin issuance; b) new energy + RWA; c) support for industry chain technology and equipment.
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