market

Today, the Hong Kong stock market's digital currency sector surged collectively, with brokerages pointing out that stablecoins are entering a new accelerated regulatory phase

ChainCatcher news, according to a report by Jinshi, in the Hong Kong stock market today, digital currency concept stocks collectively surged, with Lianlian Digital rising by as much as 80% during the trading session, Yika rising nearly 50%, and OKLink rising over 45%. By the close, Lianlian Digital's increase was still over 60%, OKLink rose over 40%, Yika rose nearly 40%, and ZhongAn Online rose nearly 10%.From a policy perspective, there have been continuous positive news for the digital currency industry recently, especially with stablecoins emerging as a new focus in the global financial market. The Hong Kong Special Administrative Region government published the "Stablecoin Ordinance" in the Gazette on May 30, which means that the "Stablecoin Ordinance" has officially become law. According to the current progress, compliant Hong Kong stablecoins are expected to be officially launched by the end of this year.In addition, the United States is also accelerating the promotion of stablecoin regulatory legislation. Some brokerages point out that stablecoins are entering a new phase of regulatory acceleration and will be regarded as important financial innovation tools, with expectations of continued policy support and further opening up of industry development space.
ChainCatcher Building the Web3 world with innovators