Recently, more than a dozen domestic securities firms have held multiple roadshow meetings on "stablecoins."
ChainCatcher news, according to the Daily Economic News, from May 29 to May 30, more than ten brokerages including CITIC Securities, Guotai Junan, China Merchants Securities, Guojin Securities, Dongwu Securities, Western Securities, and Guosheng Securities held 13 roadshow meetings with "stablecoin" as the keyword. In the coming days, brokerages such as CICC and GF Securities will also hold conference calls related to stablecoins. Industry insiders believe that the recent rapid emergence of stablecoins in the market is closely related to several catalysts:Recently, the Legislative Council of the Hong Kong Special Administrative Region passed the "Stablecoin Bill" (hereinafter referred to as the "Bill"), marking Hong Kong as the first jurisdiction in the world to establish a comprehensive regulatory framework for fiat-backed stablecoins.Circle Internet Group, the issuer of the world's second-largest stablecoin USDC, recently announced IPO terms, planning to list on the NYSE and raise up to $624 million.Recently, the U.S. "GENIUS Act" (Guiding and Establishing the American Stablecoin Innovation Act) made significant progress in the Senate. If the bill is passed, it could drive institutional investment in stablecoins.Among these, the most notable market attention is on the passage of the "Bill." The Hong Kong SAR government's office in Shanghai recently published an article on its public account stating that the "Bill" is expected to take effect within this year. In the future, anyone issuing fiat-backed stablecoins in Hong Kong during business operations must apply for a license from the Financial Management Commissioner, and only fiat-backed stablecoins issued by licensed issuers can be sold to retail investors.
