According to reports from Wu, Du Gankun, Chairman of the Hong Kong Investor and Financial Education Committee, stated that stablecoins are mainly used for cross-border remittances; if they are widely accepted in the future, there will be an opportunity to reduce cross-border payment costs. 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.