According to PANews, Hong Kong has proposed the concept of 'designated stablecoins', adopting a 'value-anchored regulation' model. This concept refers to official currency or designated units to maintain stable value. The regulatory focus is on designated stablecoins issued in Hong Kong and stablecoins claiming to be anchored to the Hong Kong dollar. This design ensures that stablecoins linked to the Hong Kong dollar are regulated while allowing space for other stablecoins.