@hsdiwi
Stablecoins act like "quasi-money" in decentralized finance.
Buying tokenized stocks with stablecoins moves funds directly into/out of markets.
Crypto's volatility affects stock market expectations—Nasdaq and Bitcoin often move together.
Crypto-linked stocks (exchanges, financial firms) impact prices through fundamentals.
Regulating stablecoins, especially HKD-backed ones, boosts Hong Kong's cross-border payments and crypto influence.
This strengthens HKD's global role and Hong Kong's
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