Group 1: Legislative Developments - The U.S. Senate passed significant cryptocurrency legislation aimed at promoting industry growth, marking a historic lobbying victory for digital asset companies [1] - The bill received bipartisan support with a vote of 68 in favor and 30 against, led by Republican Senator Bill Hagerty from Tennessee, establishing a regulatory framework for stablecoins pegged to the U.S. dollar [1] Group 2: Corporate Initiatives - JPMorgan Chase is launching a stablecoin called JPMD on Coinbase's public blockchain Base, designed as a digital representation of commercial bank deposits, offering 24/7 settlement services and interest payments [2] - The stablecoin is classified as a "permissioned token," available only to JPMorgan's institutional clients, aiming to facilitate on-chain digital asset settlements and cross-border transactions [2] Group 3: Market Trends and Predictions - The stablecoin market is evolving from a connector for crypto assets to a new infrastructure for global payments, with a projected market size of $1.6 to $3.7 trillion by 2030 according to Citigroup [2] - Regulatory breakthroughs in the U.S. and Hong Kong are expected to accelerate market development and open up new funding opportunities [2] Group 4: Related Companies in Hong Kong - ZhongAn Online (06060) is a core player in the Hong Kong stablecoin concept, partnering with ZA Bank to provide reserve banking services for local stablecoin issuers [3] - Huaxing Capital Holdings (01911) announced its investment in Circle Internet Group, which recently went public, marking a significant event in the global stablecoin sector [3] Group 5: Collaborations and Innovations - OSL Group (00863) is collaborating with Ethena to launch a stablecoin interest-bearing product, positioning itself as a compliant trading platform in Hong Kong [4] - Standard Chartered Bank and other partners are exploring stablecoin issuance, leveraging their expertise and technology to promote adoption [4] - JD Group-SW (09618) is in the second phase of testing its stablecoin, which will be pegged to the Hong Kong dollar or U.S. dollar [4] Group 6: Other Notable Companies - LianLian Digital (02598) is working with Yuan Coin Technology on stablecoin applications for cross-border payments and has obtained a VATP license to enter the crypto space [5] - Linklogis Technology (09959) has established a digital banking license in Singapore and is involved in various blockchain-driven financial projects [5]