币界网报道：On June 20, according to Hong Kong 01, the Hong Kong Stablecoin Bill was passed last month and will be officially implemented on August 1, 2025. Chen Peiquan, deputy chief executive of Victory Securities, said that Hong Kong has obvious advantages in the development of stablecoins. The relevant bills have a large degree of freedom and are not limited to Hong Kong dollars. They can also include other high-quality, low-risk assets. The current stablecoin market size is about US$250 billion, which is expected to rise to US$300 billion by the end of the year and is expected to reach US$1 trillion in the next few years. Chen Peiquan believes that the expansion of the stablecoin market will drive the demand for cryptocurrencies such as Bitcoin.