Wu Shuo learned that Hong Kong Legislative Council member Wu Jiezhuang tweeted that the passage of the Stablecoins Ordinance marks a further improvement in the regulation of cryptocurrency assets in Hong Kong. The regulation is based on international standards and establishes a high threshold licensing system, emphasizing application scenarios and business sustainability. The Hong Kong Monetary Authority positions stablecoins as payment tools and communicates regulatory expectations with the market through a "sandbox mechanism". He pointed out that the key to the future lies in the effective integration of stablecoins with traditional financial systems, and suggested that Hong Kong can learn from the EU's MiCA experience to strengthen cross-border coordination. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44479