Victory Securities Chen Peiquan: The stablecoin market size is expected to reach 1 trillion US dollars in the coming years

According to TechFlow, on June 20, Hong Kong's "Stablecoin Regulatory Framework" was reported by Hong Kong 01 to have been passed last month and will officially come into effect on August 1, 2025. Victor Securities' Deputy Chief Executive Officer, Chen Peiquan, stated that Hong Kong has a clear advantage in the development of stablecoins. The relevant legislation offers considerable flexibility, not limited to the Hong Kong dollar but also including other high-quality, low-risk assets. Currently, the stablecoin market size is about 250 billion USD, expected to rise to 300 billion USD by the end of the year, and is projected to reach 1 trillion USD in the coming years. Chen Peiquan believes that the expansion of the stablecoin market will drive increased demand for cryptocurrencies such as Bitcoin.