Victory Securities: The stablecoin market is expected to reach a size of $1 trillion

According to BlockBeats, on June 20th, according to Hong Kong 01, the Hong Kong Stablecoins Bill was passed last month and will be officially implemented on August 1, 2025. Chen Peiquan, Vice CEO of Shengli Securities, stated that Hong Kong has a clear advantage in the development of stablecoins, with a greater degree of freedom in related laws, not limited to the Hong Kong dollar, but also including other high-quality, low-risk assets. At present, the size of the stablecoin market is about 250 billion US dollars, and it is expected to rise to 300 billion US dollars by the end of the year. It is expected to reach 1 trillion US dollars in the next few years. Chen Peiquan believes that the expansion of the stablecoin market will drive up demand for cryptocurrencies such as Bitcoin.