Huaxia Fund ( Hong Kong ) CEO: Stablecoins are at a critical point, and the Hong Kong Web3 ecosystem is ushering in a golden development period.

According to a report by Securities Times on July 3rd, Gan Tian, the CEO of Huaxia Fund, stated that the stablecoin business is currently at a critical stage of transitioning from policy implementation to scenario piloting, having reached a "basic rules established, application scenarios awaiting explosion" threshold. He believes that the Hong Kong Web3 ecosystem is welcoming new development opportunities, demonstrating strong growth momentum and pushing the local ecosystem towards sustainable development. Gan revealed that Huaxia Fund is also participating in the stablecoin sandbox testing initiated by the Hong Kong Monetary Authority, exploring integrated applications of payment + redemption + asset management. He pointed out that whoever can first establish a closed loop of "Compliance + Implementation + Connecting Assets" will have the opportunity to become a market leader. Regarding the policy declaration 2.0 issued by Hong Kong, Gan commented that it demonstrates a deeper development vision, and this gradual and systematic development strategy will significantly enhance market operation quality, promote business innovation and market participation. He further analyzed that Web 3.0 technology is driving the comprehensive tokenization of financial assets, and stablecoins, with their efficient and low-cost cross-border payment advantages, have widely penetrated developing countries, with trading volumes even surpassing some sovereign currency systems. Gan predicts that in the future, the global monetary system may converge towards a few mainstream stablecoins, and Hong Kong's practices not only provide a new path for the internationalization of the Renminbi but may also reshape the underlying logic of international financial infrastructure.