Foresight News reports that HKMA President Yu Weiwen has again discussed stablecoins. Recently, with the heated speculation surrounding the concept of stablecoins, there has been excessive euphoria in the market. Some listed companies, regardless of whether their core business is related to stablecoins or digital assets, have claimed intentions to explore stablecoin operations, causing their stock prices to soar and trading volumes to increase significantly, while their company visibility has also greatly improved. In fact, the HKMA had previously made it clear that, at the initial stage, it would grant only a few stablecoin licenses at most; in other words, there are many disappointed parties. Moreover, even if a license is obtained, due to our desire for steady development and the resource investment required at the initial stage, the contribution to the company’s short-term profitability will have a certain degree of uncertainty. We hope investors remain calm while digesting the market's favorable news.