Hong Kong's Financial Secretary, Paul Chan Mo-po, announced that licensed issuers can now select different fiat currencies as anchor currencies for issuing stablecoins. This development follows the passage of the Stablecoin Ordinance by the Legislative Council, aimed at enhancing the region's digital asset market. Last year, Hong Kong's digital asset transaction volume reached HK$17.2 billion, with HK$5.1 billion in custody by local banks. The new policy is expected to attract global institutions to issue stablecoins in Hong Kong, boosting market liquidity and competitiveness.