According to Odaily Planet Daily, Gan Tian, the CEO of Huaxia Fund (Hong Kong), revealed that multiple institutions are exploring the integrated application of stablecoins in payment, subscription and redemption, and asset management. Huaxia Fund (Hong Kong) is also involved. Currently, the stablecoin business is at a critical point where 'basic rules have been established, and application scenarios are yet to explode.' From a technical and pilot progress perspective, stablecoins have moved from concept verification to practical operation. In the future, the global monetary system may converge towards a few mainstream stablecoins, but it needs to rely on a strong financial market and trade scenarios.