【Yu Weiwen: We should view stablecoins objectively and calmly; payment tools themselves have no appreciation space】 According to Jinse Finance, Yu Weiwen, the president of the Hong Kong Monetary Authority, pointed out in an article titled 'The Stability and Sustainable Development of Stablecoins' in 'Huisi': Currently, the agency is conducting market consultations on the implementation of specific guidelines for stablecoin regulations, striving to establish guidelines as soon as possible. Given the responsibilities of regulators, it is hoped that the market can view stablecoins more objectively and calmly. Stablecoins are not investment or speculative tools; they are one of the payment tools utilizing blockchain technology and serve as a bridge between traditional finance and digital assets, having no appreciation space in themselves. To promote responsible and sustainable market development, license applicants must demonstrate a specific and feasible business plan, along with sufficient technical and financial resources to support operations, ensuring that their business can operate sustainably and steadily.