Recently, multiple listed companies in the Shanghai and Shenzhen stock markets have been frequently asked whether they are planning to expand their stablecoin business

According to 21st Century Business Herald, many listed companies in the Shanghai and Shenzhen stock markets have been frequently asked on interactive platforms whether they plan to expand their stablecoin business. Industry insiders believe that the opening of policies, increased efficiency, and strategic dominance are driving the market's favorable view of stablecoin business. Especially the Hong Kong Stablecoins Ordinance, which will officially come into effect on August 1st, is the world's first comprehensive regulatory framework for fiat stablecoins.