According to Odaily Planet Daily, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that digital assets are the trend of the future, and stablecoins are a financial development tool rather than a financial profit tool. He pointed out that the circulation of stablecoins on the blockchain helps to improve the efficiency and speed of financial activities. Xu Zhengyu emphasized that the government understands the risks that stablecoins may weaken the sovereignty of international currencies and requires issuers to have certain capital or reserves, as well as regulations on redemption times, to ensure that purchasers or institutions can redeem the currency.