Offshore Stocks | Stablecoin concept stocks continued to rise, with Tiger Securities (TIGR.US) up over 8%

According to the Smart Financial News APP, on Tuesday, Tiger Securities (TIGR.US) rose by more than 8%, while Futu Holdings (FUTU.US) rose by more than 5%. On the news front, the "Stable Coin Regulations" in Hong Kong will take effect on August 1st, at which time the Hong Kong Monetary Authority will begin accepting license applications. Wang Hongying, director of the China (Hong Kong) Financial Derivatives Investment Research Institute, stated that the development of the world economy will face a trend of explosive growth in data assets. Various types of digital virtual assets represented by stable coins precisely conform to this trend, allowing the stable coin market to have better development in global trading volume. In this context, applying for a virtual asset-related trading license as a securities firm can enhance the valuation, pricing, and trading of stable coins and other virtual assets in the background of digital economic development, leading to an increase in business and scale.