PANews, June 7 news, 21st Century Business Herald published an analysis (Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center), which pointed out: Hong Kong has proposed the concept of 'Designated Stablecoins', corresponding to the 'Value Pegging Regulation' model. The concept of 'Designated Stablecoins' refers to stablecoins that maintain stable value by referencing one or more official currencies, or a calculation unit or economic value storage form designated by the Monetary Authority. Regulation focuses on two types of activities: issuing designated stablecoins in Hong Kong; or issuing designated stablecoins outside of Hong Kong that claim to be pegged to the value of the Hong Kong dollar. This design not only ensures that stablecoins pegged to the Hong Kong dollar are regulated but also leaves some space for other stablecoins.