According to a report by Aastocks on August 7, the global largest rating agency Moody's stated that the clarity of the Hong Kong "stablecoin regulations" is expected to enhance market confidence and promote the long-term application of stablecoins. This has a positive credit impact on Hong Kong banks that become licensed stablecoin issuers and on Hong Kong securities firms that hold virtual asset trading licenses. If they become licensed banks, large banks need to leverage their reputation, liquidity management, and compliance infrastructure to gain a first-mover advantage.

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