TechFlow news, June 20: According to Hong Kong 01, Hong Kong's Stablecoin Bill was passed last month and will officially take effect on August 1, 2025. Vincent Chan, Deputy CEO of Victory Securities, said that Hong Kong has clear advantages in stablecoin development, with relatively high flexibility under the legislation, not limited to Hong Kong dollars but also including other high-quality, low-risk assets. The current stablecoin market size is approximately USD 250 billion, expected to rise to USD 300 billion by year-end, and could reach USD 1 trillion in the coming years. Chan believes that the expansion of the stablecoin market will drive increased demand for cryptocurrencies such as Bitcoin.
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