在全球数字经济加速演进与香港Web3政策稳步推进的背景下，圆币科技（RD Technologies）宣布其发行的港元稳定币HKDR正式部署于以太坊公链，这标 志着港元稳定币首次以完全去中心化方式进入主流区块链网络。此次上线不仅是技术层面的重要跨越，更是圆币科技构建全球化HKDR生态的关键一步。通 过引入创新的持币分红机制，圆币科技致力于推动港元稳定币从机构应用走向大众流通，为全球用户提供安全、透明且具备收益属性的数字港元资产。 港元稳定币迈入链上新时代 作为香港金融管理局稳定币沙盒计划的首批参与企业，圆币科技一直以合规、透明和创新为核心发展理念。HKDR以1:1港元储备为支持，由香港持牌银行 进行全额托管，并接受第三方审计机构定期核查，确保了其稳定性和可信度。然而，此前HKDR主要应用于企业级结算与部分合作交易所，链上流通生态尚 未成型。此次在以太坊主网部署ERC-20标准合约，意味着HKDR将摆脱传统中心化发行的局限，实现全球范围内的自由转账、链上交互与生态共建，真正 成为"链上港元"的有效载体。 持币分红机制驱动生态参与 圆币科技生态独创的节点持币分红模型，为HKDR持有者提供了可持续的收益来源。根据其经 ...

Core Viewpoint - The concept of stablecoins has gained significant attention recently, with major players like JD.com and Ant Group entering the market, and Hong Kong implementing a regulatory framework for stablecoins starting August 1 [1][5]. Group 1: Definition and Historical Context - Stablecoins are likened to the "jiaozi," the earliest form of paper currency in China during the Song Dynasty, which served as a receipt to facilitate trade and was not a legal tender [2]. - The first stablecoins emerged in 2014, with Tether's USDT being a prominent example, pegged at a 1:1 ratio to the US dollar, addressing the volatility of cryptocurrencies like Bitcoin [4]. Group 2: Mechanism and Types - Stablecoins are designed to maintain a stable value by being pegged to sovereign currencies or liquid assets, allowing for 1:1 exchange [5]. - The stability mechanisms of stablecoins can be categorized into three types: reserve-backed stablecoins, algorithmic stablecoins, and hybrid models, with reserve-backed being the most discussed [5]. Group 3: Applications and Advantages - Stablecoins facilitate instant cross-border payments, significantly reducing transaction times and costs compared to traditional banking systems, which can take days and incur fees of 3%-5% [7][8]. - Major Chinese e-commerce companies are leveraging stablecoins to enhance their cross-border payment capabilities, potentially transforming the payment landscape [8]. Group 4: Regulatory Developments - The U.S. Senate has passed the Stablecoin Uniform Standards Act, integrating stablecoins into the regulatory framework, while Hong Kong has also enacted a stablecoin regulation [5]. - The regulatory environment is crucial as it will shape the future of stablecoins and their integration into mainstream financial systems [10]. Group 5: Risks and Considerations - Experts caution against overestimating the stability and benefits of stablecoins, highlighting potential risks related to their value stability and regulatory scrutiny [9]. - The need for regulatory oversight is emphasized, as the history of currency development shows that private innovations often lead to eventual government regulation [10].