#香港稳定币新规 The stablecoin market was previously plagued by irregularities, with some projects completely failing to disclose their reserves and lacking a transparent circulation mechanism. This new regulation explicitly requires projects operating in Hong Kong to meet regulatory standards, gradually eliminating non-compliant and opaque stablecoins. This represents a significant reshuffle of regulations for the entire industry, which will, in the long term, help build market trust and drive greater recognition and liquidity for high-quality projects.