Recently, many listed companies in Shanghai and Shenzhen have been frequently asked whether they have deployed stablecoin business.

Odaily News The popularity of virtual asset trading has spread from Hong Kong stocks to A-shares. Recently, many listed companies in Shanghai and Shenzhen have been frequently asked on interactive platforms whether they have deployed stablecoin business. Industry insiders believe that the opening of policies, the surge in efficiency and strategic positioning have jointly driven the market's optimism about the stablecoin business. In particular, the Hong Kong "Stablecoin Ordinance", which will officially take effect on August 1, is the world's first comprehensive regulatory framework for legal currency stablecoins. (21st Century Business Herald)