On August 15, according to the Hong Kong Ta Kung Pao, Hong Kong is accelerating the establishment of a regulatory system for stablecoin issuers, and recently released a public consultation summary on stablecoin supervision. The report points out that the next stage of development of Web 3.0 in Hong Kong and around the world focuses on breaking down the barrier between the virtual world and the real world, allowing assets and funds to flow freely between the two systems. And RWA is an important innovation that breaks down technical barriers and accelerates the integration of virtual and reality. In the foreseeable future, the vast majority of RWA transactions in Hong Kong will be completed through the compliance Hong Kong dollar stablecoin, and the connection and interoperability between the stablecoin and traditional finance will be completed through the stablecoin. Without the compliance Hong Kong dollar stablecoin, there will be huge challenges in the convenience and security of Hong Kong's RWA practice. Therefore, the introduction of the stablecoin regulatory framework may lay the foundation for the innovative development of Hong Kong's RWA ecosystem, and with the prosperity of the RWA ecosystem, the role and value of Hong Kong dollar stablecoin as a bridge for Hong Kong's Web3.0 external connection will become more prominent.