(Authorized reprint by author Sam Hui) Earlier this month, the Hong Kong Monetary Authority (HKMA) finally announced the recipients of Hong Kong's stablecoin licenses. Out of 36 applicants, only HSBC and Anchorpoint HK—a joint venture formed by Standard Chartered, HKT, and Animoca Brands—ultimately stood out. The initial approval rate was merely around 5%. The reaction from the Web3 community was quite calm, as this outcome was largely expected. This is not only a major regul

– Capital Flows and Structural Integration Between Cryptocurrency and Forex Markets Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. Abstract As the global financial system evolves, the capital barriers between the cryptocurrency market and the traditional foreign exchange (Forex) market are rapidly collapsing. Through a macro market capitalization compa

A core contradiction in Hong Kong’s current financial transformation is that while regulation has moved forward, perception remains stuck in the past. I will help you break down the entire logic and supplement a few key points to make the discussion more multi-dimensional. I. What exactly is a stablecoin? To put it in a single sentence:A stablecoin is a "blockchain-native digital cash carrier." It is not inherently a speculative tool, but rather a payment and settlement techn

Why is this worth paying attention to? Imagine you usually use cash to buy things, and suddenly one day, the government announces: "We have authorized two institutions to issue 'Digital Hong Kong Dollars (HKD)'. One coin will always equal one HKD, and it can be transferred instantly via mobile phone. You will no longer need to queue up to exchange money when traveling to Mainland China or Southeast Asia." This is exactly what happened on April 10, 2026. The Hong Kong Monetary

Introduction: The Collision of Two Parallel Universes Standing at the close of 2025 and looking back, the global financial system is undergoing a silent yet violent tectonic shift. On one side, the United States is attempting to "tokenize" dollar hegemony through the GENIUS Act , utilizing stablecoins to absorb massive amounts of national debt. On the other side, China is standing firm on its financial security baseline, erecting a "Digital Siege" to strictly prevent irregula

Beyond the headlines of Bitcoin's boom-and-bust cycles and the frenzied speculation of memecoins, there exists a stable and powerful cornerstone within the crypto world—Stablecoins. Their story is far less thrilling than other crypto assets, yet their importance is unparalleled. They serve not only as the "stable anchor" for trading but also as the "bridge" to the future economy. 1. The "USD" of the Crypto World: The Invisible Pillar If you trade on a crypto exchange, you wil

I. Why Should You Read This Article? On August 1, 2025, the Stablecoin Ordinance (Cap. 656) will officially come into effect, elevating...

In today’s era where digital assets are sweeping across the globe, stablecoins have evolved far beyond being just a medium of exchange...

Industries with significant potential for high returns in the future include renewable energy, artificial intelligence (AI), financial...