Hong Kong has announced the upcoming distribution of stablecoin licenses, marking the official launch of a new track. This also signifies new possibilities for the encryption financial ecosystem. On the surface, it appears to be about the local market layout in Hong Kong, but in reality, it is constructing a "world bridge" that connects financial centers and the digital economy. It is not just about the drop in cross-border payment costs; there are also profound implications for the global financial order hidden behind it.