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The Hong Kong "Stablecoin Ordinance" officially becomes law, and A-share stablecoin concept stocks are active at the start.
Gate News bot message, A-share stablecoin concept stocks are active at the beginning of the session, Cuiwei Co., Ltd. and Hengbao Co., Ltd. have both reached the daily limit, Xiongdi Technology has risen over 10%, and Hailian Jinhui, Chutianlong, Feitian Chengxin, and others opened high collectively.
In terms of news, the Hong Kong Special Administrative Region government published the "Stablecoin Ordinance" in the Gazette on May 30, which means that the "Stablecoin Ordinance" has officially become law.
Source: Jinshi