Stablecoin regulations come into effect this time, related concept stocks plummeted, Yaocai Yunfeng Financial Guotai Junan International OSL Group fell 7% to 15%

According to Coinjie.com, Hong Kong's Stablecoin Ordinance came into effect today. S&P expects that large technology companies and banks will be more likely to obtain the first batch of licenses, and the development of stablecoins will coexist with opportunities and challenges in the banking industry. Related concept stocks fell sharply today, with Yaocai Securities falling 15.72%, Yunfeng Finance falling 13.54%, Guotai Junan International falling 7.5%, and OSL Group falling 9.32%.