Galaxy Securities: Hong Kong Introduces Stablecoin Regulations, RWA Sees New Opportunities

Galaxy Securities released a research report stating that the passage of Hong Kong's "Stablecoin Ordinance" marks the implementation of the world's first regulatory framework for fiat-backed stablecoins. On one hand, stablecoins provide a low-cost and efficient pricing and settlement tool for RWA, while 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.