According to BlockBeats, on June 22, Hong Kong Legislative Council member Wu Jiezhuang said that after the passage of the stablecoin bill, Hong Kong has a lot of room to develop stablecoins, which will become a combination of innovative finance and the real economy.
Wu Jiezhuang welcomes Internet companies and financial institutions to issue stablecoins in Hong Kong, but reminds retail investors to understand the investment risks, remain cautious and not be greedy.