香港《稳定币条例》正式生效：储备资产须全额覆盖流通面值

Core Viewpoint - The implementation of the Stablecoin Regulation in Hong Kong on August 1 marks a significant step in establishing a licensing system for stablecoin issuers and enhancing the regulatory framework for virtual asset activities in the region [1] Group 1: Regulatory Framework - The new regulation aims to align Hong Kong's stablecoin regulations with international standards, reflecting a timely response to the global development of stablecoins [1] - Licensed issuers are required to ensure that the market value of their reserve assets is always at least equal to the face value of the outstanding stablecoins that have not been redeemed [1] - Issuers must consider the risk profile of their reserve assets and ensure appropriate over-collateralization to cover market risks [1]