PANews reported on May 21 that according to HashKey official news, the Hong Kong Legislative Council passed the Stablecoin Bill in the third reading, marking the official entry of global stablecoin regulation into a new era in Hong Kong. As the preferred public chain for financial and RWA assets, HashKey Chain responded immediately and announced that it will provide full-stack support for Hong Kong stablecoins and RWA projects that can serve as their reserve assets, accelerating the construction of on-chain infrastructure for stablecoin issuance, circulation and management.

HashKey Chain said that stablecoins will become the core hub of the on-chain financial system and the key starting point for promoting the integration of on-chain value circulation and traditional finance. HashKey Chain is ready to fully support the issuance and implementation of local stablecoins in Hong Kong under a safe and efficient technical framework.

At the same time, HashKey Chain announced that it will soon launch a wear-free, 1:1 on-chain stablecoin swap tool, which will provide an underlying acceleration engine for the large-scale application of stablecoins from the dual dimensions of liquidity and technical accessibility, and help its widespread application in real financial scenarios.