Wu Shuo learned that Hong Kong Legislative Council member Wu Jiezhuang tweeted that the Legislative Council of the Hong Kong Special Administrative Region has passed the "Stablecoins Bill" in its third reading today. It is expected that institutions can apply to the Hong Kong Monetary Authority to become compliant stablecoin issuers before the end of this year, and stablecoins must use legal tender as underlying assets. Wu Jiezhuang pointed out that the passage of this legislation is the starting point for building Web3 infrastructure, and further efforts should be made to promote the application and landing of stablecoins in physical retail, cross-border trade and other fields. He also suggested considering releasing stablecoin interest to enhance market attractiveness. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=42782