HK Stock Market Move | The concept of stablecoins has risen again at the end of the day, and the global stablecoin regulatory framework is accelerating. Institutions are optimistic about investment opportunities in the industry.

The concept of stablecoins rose again in the final trading session. As of press time, YUNFENG FIN (00376) rose 15.79% to HK$4.4; OSL GROUP (00863) rose 10.69% to HK$19.26; YEAHKA (09923) rose 9.02% to HK$15.96; ZA ONLINE (06060) rose 8.49% to HK$19.42; GOFINTECH QUANT (00290) rose 4.68% to HK$1.79. On the news front, on July 17 local time, the US House of Representatives passed the "Guidance and Establishment of the US Stablecoin National Innovation Act" with 308 votes in favor and 122 votes against. The aim of the bill is to make significant reforms to cryptocurrency regulation, with the core content being the establishment of a clear legal framework for stablecoins. The bill has been submitted to President Trump for signing and implementation. In addition, the Hong Kong "Stablecoin Ordinance" will come into effect on August 1 this year. Open Source Securities points out that as global regulatory policies gradually improve, it is expected to promote the compliant and stable development of the stablecoin industry. It is recommended to pay attention to the continuously catalyzed opportunities for investment in the stablecoin industry due to policy reasons.