PANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-trackPANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-track

Ping An Securities: Hong Kong may adopt dual-track regulation of stablecoins

2025/07/23 11:20
2 min read

PANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-track regulatory structure of "US dollar stablecoins connecting to the international market + Hong Kong dollar stablecoins connecting to the mainland", which not only consolidates the financial attributes of the Hong Kong dollar, but also provides a "test field" for the internationalization of the RMB. Hong Kong's definition of stablecoins is relatively broad and is not limited to a certain type of legal currency stablecoins. With the rapid development of Hong Kong's stablecoin market, it is expected that the market share of non-US dollar stablecoins will gradually increase, and it is expected to promote the establishment of a unified international regulatory system in the future.

In addition, Ping An Securities also mentioned in the report that the stablecoin business activities regulated by Hong Kong jurisdiction include not only the issuance of specified stablecoins in Hong Kong, China, but also the issuance of stablecoins anchored (or partially anchored) to the Hong Kong dollar outside Hong Kong. China's active layout of the stablecoin market can inject new impetus into the internationalization of the RMB and break the monopoly of the US dollar stablecoin.

Market Opportunity
FORM Logo
FORM Price(FORM)
$0.2494
$0.2494$0.2494
+2.46%
USD
FORM (FORM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

GCC and India to sign terms for start of free trade talks

GCC and India to sign terms for start of free trade talks

The Gulf Cooperation Council (GCC) and India reportedly will sign terms of reference on Thursday to resume talks aimed at finalising a free trade agreement.  Indian
Share
Agbi2026/02/05 13:45
PEPE Holders Looking For The Next 100x Crypto Set Their Sights On Layer Brett Presale

PEPE Holders Looking For The Next 100x Crypto Set Their Sights On Layer Brett Presale

The post PEPE Holders Looking For The Next 100x Crypto Set Their Sights On Layer Brett Presale appeared on BitcoinEthereumNews.com. Crypto News 18 September 2025 | 01:13 The Shiba Inu price prediction has regained investor attention this month as meme coin traders shift strategies ahead of Q4. While SHIB and PEPE continue to dominate headlines, many early holders are now hunting for the next breakout. Layer Brett (LBRETT), a new Ethereum Layer 2 meme coin, is quickly emerging as a top contender. Shiba Inu price prediction: Ecosystem grows but limited short-term upside Shiba Inu (SHIB) is currently priced at $0.00001307, showing slow but steady performance this September. Despite the relatively quiet price action, SHIB’s long-term vision is continuing to take shape. With the rollout of Shibarium, its Layer 2 network, Shiba Inu is transitioning from meme coin status to ecosystem coin. That said, analysts believe that short-term price action remains capped unless broader meme coin interest returns in full force. Resistance levels near $0.000015 remain tough to crack without major catalysts or a spike in retail enthusiasm. For now, Shiba Inu price predictions remain cautious, with most calling for gradual moves higher rather than a sudden breakout. Still, SHIB’s loyal community and expanding ecosystem keep it on the radar for long-term holders, especially those betting on its metaverse and DeFi ambitions to mature into stronger use cases by 2025. PEPE struggles to reclaim momentum after early hype PEPE exploded onto the meme coin scene in 2023 and gained massive traction with retail investors. However, the token’s parabolic rise was followed by a sharp correction. Currently priced around $0.00001087, PEPE still maintains a large following, but the lack of clear development or new utilities has left holders searching for alternatives with more potential. With many early PEPE investors now down from peak levels, attention has shifted to lower-cap meme coins that offer actual utility and early entry benefits. While PEPE may…
Share
BitcoinEthereumNews2025/09/18 07:02
Morning brief: Asian stocks slump as AI capex fears grow, silver plunges

Morning brief: Asian stocks slump as AI capex fears grow, silver plunges

Asian markets retreated on Thursday as investors rotated out of technology stocks amid mounting concerns over the escalating cost of artificial intelligence investment
Share
Coinstats2026/02/05 13:56