According to Deep Tide TechFlow reports, the opening of stablecoin issuance in the Hong Kong market may enhance local banks' wealth management services and attract more mainland customers. An analyst from S&P Global Ratings stated that the issuance of stablecoins could intensify interbank competition, particularly in the retail payment sector. Stablecoins have advantages in terms of cost and speed, and are expected to continue serving as a gateway for cryptocurrency asset trading. Local banks in Hong Kong may attract local and cross-border clients seeking offshore cryptocurrency investments.