Core Insights - The passage of the "Stablecoin Regulation" in Hong Kong marks a significant milestone for the financial technology ecosystem, leading to increased interest in stablecoins and Web3 payments [1][2] - A seminar hosted by OKG Research and Hong Kong University focused on the implications of stablecoin legislation and the future of Web3 payments [1] Group 1: Stablecoin Market Overview - As of May 2025, the global supply of stablecoins is projected to approach $250 billion, reflecting a growth of over 54% in the past 12 months [2] - The market capitalization of stablecoins is equivalent to 1.13% of the U.S. M2 money supply, with annual transaction volume expected to exceed $10 trillion [2] - The penetration rate of Web3 payments is anticipated to rise to around 20% in the next two years due to improved user experience and merchant coverage [2] Group 2: Opportunities and Challenges in Hong Kong - The stablecoin legislation presents a major opportunity for Hong Kong, leveraging its unique position to connect Eastern and Western markets [4] - Key factors for the promotion and application of stablecoins include ensuring their stability and establishing sufficient market scale and application scenarios [4] Group 3: Web3 Payment Ecosystem - Experts at the seminar discussed the transformative potential of Web3 payments, emphasizing the importance of building a verifiable trust structure to address traditional challenges in cross-border payments and transactions [5] - The infrastructure for Web3 is rapidly evolving, but achieving bank-level trust and scale requires further institutional and ecological support [5] - The future of stablecoins is seen as optimistic, with trends indicating stronger international regulatory integration, increasing market acceptance, and the development of a robust stablecoin ecosystem [5] Group 4: Future Projections - OKG Research predicts that the global stablecoin market supply could reach $3 trillion by 2030, with annual transaction volume surpassing $100 trillion, positioning stablecoins as a crucial bridge between Web3 and the real world [6]