In the current cryptocurrency market, USDT and USDC dominate with high penetration rates and stable market structures, making it difficult for other currencies to replace them in the short term. However, from the perspective of Hong Kong's development trends in virtual assets and Web3.0, RWA (Regulated Wholesale Assets) may present the most promising and adaptable domain for HKD stablecoins. Most of Hong Kong's RWA transactions are expected to rely on compliant HKD stablecoins to achieve effective integration and interoperability with traditional financial systems. Without compliant HKD stablecoins, the implementation of RWA in Hong Kong could face significant challenges in terms of convenience and security. Therefore, the establishment of regulatory frameworks for stablecoins in the RWA domain will provide the cornerstone for innovation and development within Hong Kong's Web3.0 ecosystem. As the RWA ecosystem thrives, HKD stablecoins not only solidify their role as a bridge connecting Hong Kong to the Web3.0 world but also further enhance their influence and value in global financial markets.