Hong Kong regulators, after passage of the Stablecoins Bill, will focus on stablecoin real world application by promoting it's use in retail, traditional businesses, cross-border trade, and peer-to-peer transactions

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"Issuing stablecoins is only the beginning; the most crucial step is to develop more real-world applications," Ng said. "Whether in physical retail, cross-border trade, or peer-to-peer transactions, I believe there is tremendous untapped potential for stablecoin adoption."

With the introduction of the Stablecoins Bill, Hong Kong regulators are willing to address two key areas of growth, like real-world applications and ensuring market stability. Expanding Real-World Applications: While stablecoin issuance is the beginning, the emphasis will now shift to developing practical use cases in retail, cross-border trade, and peer-to-peer transactions. Businesses in traditional sectors are encouraged to adopt stablecoins as a revolutionary financial tool.