According to reports from Wu, Du Gankun, the chairman of the Hong Kong Investor and Financial Education Council, stated that stablecoins are primarily used for cross-border remittances, and if widely accepted in the future, they could lower the costs of cross-border payments. Stablecoins are related to virtual currencies and are issued by private institutions, backed by fiat assets such as the US dollar. If backed by cryptocurrencies, the volatility is higher, and those who do not understand should not invest.