The Hong Kong "Stablecoin Ordinance" officially came into effect on August 1. The chairman of the Investor and Financial Education Committee, Du Gan-kun, stated that the main use of stablecoins is as a cross-border remittance tool, and if it can be widely accepted by society in the future, it is expected to significantly drop the cost of cross-border payments. However, he also reminded citizens that stablecoins are related to Virtual Money, and those who do not have a sufficient understanding of the product should avoid investing rashly.

According to Mars Finance, Gan Tian, CEO of Huaxia Fund (Hong Kong), revealed that multiple institutions are exploring the integrated application of payment + subscription and redemption + asset management stablecoin, including Huaxia Fund (Hong Kong) participating in it. Currently, the stablecoin business is at a critical point where 'basic rules have been established, and application scenarios are yet to explode.' From the perspective of technology and pilot progress, stablecoins have moved from concept validation to practical operation. In the future, the global monetary system may converge towards a few mainstream stablecoins, but this process relies on a strong financial market and trade scenarios. (Securities Times)

According to Deep Tide TechFlow news, on July 3, as reported by the Securities Times, Gan Tian, the CEO of Huaxia Fund ( Hong Kong ), stated that the stablecoin business is currently in a critical stage of transitioning from policy implementation to scenario piloting, having reached the "basic rules established, application scenarios awaiting explosion" critical point. He believes that the Hong Kong Web3 ecosystem is welcoming new development opportunities, showing strong growth momentum, and driving the local ecosystem towards sustainable development. Gan Tian revealed that Huaxia Fund is also participating in the stablecoin sandbox testing initiated by the Hong Kong Monetary Authority, exploring integrated applications of payment + subscription and redemption + asset management. He pointed out that whoever can first connect the "Compliance + Implementation + Asset Connection" closed loop will have the opportunity to become a market leader. Regarding the policy declaration 2.0 released by Hong Kong, Gan Tian commented that it demonstrates a deeper development vision, and this gradual, comprehensive development strategy will significantly enhance the quality of market operation.

The CEO of Huaxia Fund (Hong Kong), Gan Tian, predicted at the CWM50 seminar that future fiat will transform into stablecoins, and a few universal stablecoins will emerge globally. He pointed out that stablecoins have low costs and high efficiency, and in the future, countries may compete to issue them, but success requires a strong financial market and sufficient trade power.

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