PANews, July 23 - According to Jinshi reports, the Hong Kong Monetary Authority's Chief Executive, Yu Weiwen, discussed stablecoins again. Recently, with the hype surrounding the concept of stablecoins, the market has shown excessive excitement. Some listed companies, regardless of whether their core business is related to stablecoins or digital assets, see their stock prices rise and trading volumes surge simply by claiming an intention to expand into stablecoin business, thereby greatly enhancing their visibility. In fact, we have previously made it clear that at the initial stage, we will issue at most a few stablecoin licenses. In other words, there will be quite a few disappointed parties. Even if a license is obtained, considering our desire for steady development and the resource investment required in the early stages, the contribution to short-term profitability for companies will have a certain degree of uncertainty. We hope investors remain calm and think independently while digesting the market's 'positive' news.
