2025-09-30
Startup Commentary”First Players in Hong Kong’s Stablecoin Market Exit: Withdrawal of Chinese Capital and Cooling of Regulation”
the “first – batch withdrawers” in the stablecoin and RWA sectors in Hong Kong are both the result of prudent regulation and a signal of the market returning to rationality. Entrepreneurs need to break out of the thinking of “following the trend to enter the market”, take compliance as the bottom line and innovation as the core, and build differentiated advantages in niche fields to seize opportunities in the future “precise warming”.
