The attention on stablecoins is heating up. 🔥 With the launch of US’ Genius Act to regulate stablecoin issuance, corporate institutions and banks are looking for ways to issue their own currencies. Our group president @EvanAuyang emphasized the ripple effect regulations in the US have had globally. Stablecoins are becoming institutional, after gaining legitimacy from the US, he remarked. Other regions are also looking into research and development around stablecoins. In Hong Kong, we are jointly participating in @hkmagovhk sandbox for the issuance of an HKD-backed stablecoin with @StanChart and HKT. For more on how this will impact the global financial economy, read the full article on @FortuneMagazine