The Latest in Web3: Hong Kong’s Stablecoin Push, Pudgy Penguins, and Regulatory Debates
Hong Kong is positioning itself as a major Web3 hub, with local companies and regulators accelerating their stablecoin initiatives. Firms like Fourth Paradigm and Lion Rise Holdings are launching new ventures to focus on stablecoins and tokenized assets. This corporate push is happening ahead of a new regulatory framework, the Stablecoin Ordinance, which goes into … Read more