According to ChainCatcher, citing a report from Quanshang China, digital currency concept stocks collectively surged in the Hong Kong stock market today, with Lianlian Digital rising up to 80% intraday, Yika rising nearly 50%, and OKLink rising over 45%. By the market close, Lianlian Digital's gains remained over 60%, OKLink rose over 40%, Yika rose nearly 40%, and Zhongan Online rose nearly 10%.
From a policy perspective, positive news in the digital currency industry has been continuous recently, with stablecoins particularly emerging as a new focus in the global financial market. The Hong Kong Special Administrative Region government published the "Stablecoin Regulation" in the Gazette on May 30, meaning the regulation 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.
Additionally, the United States is also accelerating the advancement of stablecoin regulatory legislation. Some securities firms have pointed out that stablecoins are entering a new period of accelerated regulation and will be viewed as an important financial innovation tool, with expected continued policy support and further expansion of industry development space.
