Recently, global legislative trends regarding stablecoins have attracted widespread attention. This series of initiatives not only marks significant progress in the Digital Money sector but may also reshape the global financial landscape.

In May 2025, the U.S. Senate and the Legislative Council of Hong Kong conducted important votes on stablecoin-related bills. These legislative measures are considered groundbreaking events in the history of currency, as they are the first to advance the tokenization of fiat currency through legal means. This move could trigger a series of profound economic and financial effects.

The goal of the United States in promoting stablecoin legislation is clear: on one hand, it aims to modernize its payment and financial systems, while on the other hand, it intends to consolidate and enhance the global position of the dollar. It is expected that this will bring huge liquidity to the U.S. Treasury market.

For China, this global wave of stablecoins and real-world assets (RWA) also presents unique opportunities. Industry experts point out that Chinese entrepreneurs have certain advantages in this field and should actively seize this once-in-a-decade major opportunity.

However, in the face of such significant changes, policymakers in various countries need to adopt an open, compliant, and trustworthy approach to develop their national stablecoin ecosystems. This is not only about securing a place in the new generation of financial networks but also about important measures concerning national financial sovereignty and economic security.

Overall, the wave of stablecoin legislation is reshaping the global financial landscape. Governments, financial institutions, and entrepreneurs around the world need to closely follow this trend and be fully prepared to face the upcoming challenges and opportunities. In this financial transformation, those who can seize the initiative may occupy a favorable position on the future global financial stage.