Stablecoin Industry Gains Attention Amid Legislative Developments

According to Odaily, numerous brokerage firms held over ten conference calls focused on stablecoins from May 29 to May 30. These discussions involved more than a dozen industry brokers. During this period, several stocks related to stablecoin concepts showed strong performance. Recently, the Legislative Council of the Hong Kong Special Administrative Region passed the Stablecoin Ordinance Bill. This legislative development has drawn significant attention from brokers, highlighting its potential impact and opportunities for various stakeholders within the stablecoin industry.