According to reports from Wu Shuo, Du Gankun, Chairman of the Hong Kong Investor and Financial Education Committee, stated that stablecoins are primarily used for cross-border remittances, and if widely accepted in the future, they have the potential to reduce cross-border payment costs. Stablecoins are related to virtual currencies and are issued by private institutions, collateralized by fiat assets such as the US dollar. If collateralized by cryptocurrencies, the volatility is higher, and those who lack understanding should not invest.