Hong Kong’s Financial Secretary Paul Chan unveiled a new regulatory framework for stablecoins, emphasizing their role in fostering real economic activity rather than speculation. This framework prioritizes robust business models with verifiable use cases, and licensing will only be granted to issuers demonstrating a clear practical impact on the economy. 2025’s Fintech Week saw this initiative launch, aimed at establishing Hong Kong as a leading international financial hub while ensuring stability and cross-border transactions. The regulations aim to support stablecoins that enhance real-world use cases such as reducing transaction costs and facilitating efficient cross-border payments. Chan emphasized the focus on responsible deployment of digital assets. ]