Today, the Hong Kong stock market's digital currency sector collectively rose, and brokerage firms pointed out that stablecoins are ushering in a new period of accelerated regulation

Planet Daily News: Today in the Hong Kong stock market, digital currency concept stocks collectively surged, with Lianlian Digital rising up to 80% intraday, Yika rising nearly 50%, and OKLink rising over 45%. By market close, Lianlian Digital still rose over 60%, OKLink rose over 40%, Yika rose nearly 40%, and Zhongan Online rose nearly 10%. From a policy perspective, recent positive news in the digital currency industry has been continuous, 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 accelerating the promotion of stablecoin regulatory legislation. Some securities firms point out that stablecoins are ushering in a new period of accelerated regulation and will be viewed as an important financial innovation tool, with expected continued policy support and further industry development space. (Jintian)