Hong Kong Legislator Wu Jietzhuang Champions Web3 and Stablecoin Growth

Hong Kong Legislative Council member Wu Jietzhuang announced on X platform his commitment to advancing Web3 development, focusing on stablecoins and RWA growth within a regulated framework.

Wu’s advocacy aims to position Hong Kong as a financial hub for Web3, promoting stablecoin regulatory alignment and fostering developer ecosystems that support real-world applications.

Stablecoin Regulation Aligns with Global Trends

Wu Jietzhuang’s statement underscores no unforeseen shifts in Hong Kong’s stablecoin regulations. The bill’s steady passage marks the progress of Hong Kong’s financial landscape. This consistency reassures stakeholders of predictable market landscapes, benefiting both local and international markets.

The integration of Web3 in the RWA sector gains momentum, enabled by regulatory sandboxes. Future-oriented trials encourage sectors to explore blockchain applications, poised to transform industry standards.

Community sentiment is positive towards the increased demand for Web3 developers. Wu advocates for a supportive ecosystem in Hong Kong, boosting public chains and compliant platforms. This initiative aims to cultivate growth while fostering technological talent.

Market Insights and Predictions

Did you know? The stablecoin regulatory bill’s passage mirrors the seventh Legislative Council’s meticulous approach, setting a precedent for harmonizing local trials with ambitious international expansions. Stablecoin policy convergence with broader global practices is underlined.

Ethereum (ETH), priced at $3,121.26, holds a market cap of $376.72 billion. Its market dominance stands at 12.24%. The 24-hour trading volume saw a significant decrease of 56.08%, recorded by CoinMarketCap on December 14, 2025.

Coincu researchers predict enhanced financial structures as RWA and Web3 developments solidify. Emphasizing a well-regulated framework, collaborative efforts with regulators may mitigate potential risks, aligning with Hong Kong’s vision for global leadership in digital assets.