According to 21st Century Business Herald, many listed companies in Shanghai and Shenzhen have recently been frequently asked on interactive platforms whether they have deployed stablecoin businesses. Industry insiders believe that policy opening, increased efficiency, and strategic positioning are jointly driving the market's optimism about stablecoin businesses. In particular, Hong Kong's "Stablecoin Ordinance," which will officially take effect on August 1, is the first comprehensive regulatory framework for fiat-backed stablecoins to be officially implemented globally. [Foresight News]