Eddid Financial Partners with Industry Leaders to Advance Stablecoin Adoption Driving Global Growth of Hong Kong's Digital Currency Ecosystem

HONG KONG,June 13, 2025/PRNewswire/ -- Following the Hong Kong Legislative Council's passage of the Stablecoins Bill inMay 2025, the city's virtual asset regulatory framework has entered a new era. As a key industry player,Eddid Financialis actively collaborating with leading partners to explore core applications of stablecoins across various scenarios, aiming to foster innovation and global expansion of the digital currency ecosystem.

Stablecoins: Bridging Traditional Finance and the Digital Economy

Stablecoins, digital assets pegged to fiat currencies, have emerged as a vital link between traditional financial systems and the digital economy due to their price stability and high liquidity. The newly enacted Stablecoins Bill outlines clear licensing requirements for issuers, including regulations on asset reserves, redemption mechanisms, risk management, and anti-money laundering protocols. This robust regulatory framework enhances investor protection and provides a solid foundation for market development.

Enhancing Settlement Efficiency and Transparency

Against this backdrop,Eddid Financialand its partners are actively exploring stablecoin applications in settlement scenarios. By leveraging blockchain technology for real-time fund transfers and enhanced transparency, these efforts aim to significantly improve settlement efficiency and reduce transaction costs.

Cross-Border Payments: Reinforcing Hong Kong's Role as a Global Financial Hub

Cross-border payments represent a key application of stablecoins and a strategic focus forEddid Financialand its collaborators. Traditional cross-border transactions are often complex and costly. Stablecoins, with their decentralized architecture and instant settlement capabilities, offer a streamlined alternative—reducing transaction times, mitigating exchange rate risks, and improving capital flow efficiency.Eddid Financialis exploring diverse approaches to support the cross-border payment ecosystem, reinforcingHong Kong'sposition asAsia'spremier international financial center.

A Forward-Looking Vision:Eddid Financial'sStablecoin Development Blueprint

Dr.Ricky Yeung, Head of Virtual Assets atEddid Financial, stated:"The passage of the Stablecoins Bill establishes a clear and pragmatic regulatory foundation forHong Kong'sstablecoin market. This provides strong support for our joint efforts with industry partners to promote stablecoin applications in settlement and cross-border payments. We believe stablecoins will be a key driver of global digital economic development, and we will continue to deepen collaboration, foster technological innovation, and ensure regulatory compliance."

Looking ahead,Eddid Financialwill continue to integrate fintech resources, strengthen collaborative innovation with industry partners, and promote the healthy and sustainable development of the stablecoin ecosystem. These efforts aim to maintainHong Kong'scompetitive edge in the global digital currency race and deliver secure, efficient digital asset services to investors and users worldwide.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-partners-with-industry-leaders-to-advance-stablecoin-adoption-driving-global-growth-of-hong-kongs-digital-currency-ecosystem-302480986.html

SOURCE Eddid Financial