TechFlow news, August 7 — According to Aastocks, Moody's, one of the world's largest rating agencies, stated that the regulatory clarity provided by Hong Kong's Stablecoin Ordinance is expected to bolster market confidence and promote long-term adoption of stablecoins. This development carries positive credit implications for Hong Kong banks seeking licensed stablecoin issuer status and for Hong Kong securities firms holding virtual asset trading licenses. If large banks become licensed issuers, their reputation, liquidity management capabilities, and compliance infrastructure would give them a first-mover advantage.
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