TechFlow news, June 2 — According to Securities China, in the Hong Kong stock market, digital currency-related stocks surged collectively. LianLian Digital rose as much as 80% during trading, YeeCard nearly 50%, and OKG Technology over 45%. By market close, LianLian Digital still gained over 60%, OKG Technology up more than 40%, YeeCard nearly 40%, and ZhongAn Online close to 10%.
On the policy front, the digital currency sector has seen continuous positive developments recently, particularly with stablecoins emerging as a new focal point in global financial markets. On May 30, the Hong Kong Special Administrative Region government published the "Stablecoin Ordinance" in the Gazette, meaning the ordinance officially became law. Based on current progress, compliant Hong Kong-issued stablecoins are expected to be formally launched by the end of this year.
In addition, the United States is also accelerating the advancement of its stablecoin regulatory legislation. Some brokerages noted that stablecoins are entering a new phase of accelerated regulation and will be regarded as important financial innovation tools. Continued policy support is expected, further expanding the industry's development prospects.
