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Home News

Eddid Financial Backs Stablecoin Expansion Following Hong Kong’s New Legislation

13 June 2025
in News, Stablecoins
Reading Time: 3 mins read
105 3
coinpedia.jpeg

coinpedia.jpeg

Eddid Financial is ramping up efforts to advance stablecoin adoption following the Hong Kong Legislative Council’s recent approval of the Stablecoins Bill.

This landmark legislation marks a significant step in the city’s commitment to regulating digital finance, establishing a formal licensing framework for fiat-referenced stablecoin (FRS) issuers. In response, Eddid is partnering with industry leaders to pilot real-world stablecoin applications, with a focus on settlement systems and cross-border payments.

The bill, passed in May, outlines clear regulatory requirements for stablecoin issuers, including licensing procedures, asset reserve mandates, redemption mechanisms, and anti-money laundering protocols. This comprehensive framework not only enhances investor protection but also strengthens Hong Kong’s position as a credible and competitive hub in the global digital asset economy.

Building on this momentum, Eddid Financial is leveraging blockchain technology to improve settlement processes. By enabling real-time fund transfers and greater transparency, the firm aims to reduce transaction costs and eliminate inefficiencies that have long been associated with traditional financial systems.

In addition, cross-border payments are emerging as a strategic priority. Stablecoins, with their ability to facilitate instant and cost-effective international transactions, offer a powerful alternative to legacy systems that are often slow, expensive, and opaque. By removing intermediaries and reducing foreign exchange risks, Eddid sees an opportunity to establish Hong Kong as a leader in next-generation financial infrastructure across Asia.

Commenting on the initiative, Dr. Ricky Yeung, Head of Virtual Assets at Eddid Financial, stated:

“The new bill lays the regulatory groundwork we need to push forward. We’re accelerating our work with partners to integrate stablecoins into key financial systems and support the global growth of digital currencies.”

The firm also welcomes Mr. Thomas Tam as Co-Head of Business Development Singapore and Executive Director of Investment Banking.

 

We are delighted to welcome Mr. Thomas Tam to Eddid Financial as Co-Head of Business Development, Singapore and Executive Director of Investment Banking. pic.twitter.com/OhwwUduRQ1

— Eddid Financial (@EddidFinancial) June 12, 2025

Looking ahead, the company intends to expand its fintech partnerships and scale innovation within a fully compliant stablecoin ecosystem. Through these efforts, Eddid aims to reinforce Hong Kong’s edge in the digital finance race while delivering secure, efficient asset services to users worldwide.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: Eddid FinancialStablecoin
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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