Hong Kong is accelerating the establishment of a regulatory system for stablecoin issuers and recently published a summary of public consultations on stablecoin regulation. This initiative aims to promote the integration of the virtual and real worlds, particularly in the RWA (Real World Assets) sector. RWAs are important innovations that break down technical barriers and accelerate the integration of the virtual and real worlds, occupying a central position in their future development. According to forecasts, in the near future, the vast majority of RWA transactions in Hong Kong will use compliant HK dollar stablecoins as carriers to achieve connectivity and interoperability with traditional financial systems. Without compliant HK dollar stablecoins, HK's RWA practices may face significant challenges in convenience and security. Therefore, the introduction of a stablecoin regulatory framework could lay the groundwork for the innovative development of HK's RWA ecosystem. As the RWA ecosystem thrives, the role and value of HK dollar stablecoins as bridges connecting Hong Kong's Web3.0 with the outside world will become more prominent.