ChainCatcher news, according to Hong Kong media Ming Pao, Liu Yu, the CEO of Round Coin Technology, revealed in a recent interview that stringent regulation of stablecoins is inevitable. Currently, the 'ERC-3643' token standard has strong regulatory attributes, such as requirements for identity verification and permission restrictions, which may become a method for potential issuers, financial institutions, and virtual asset service providers (VASP) to operate in compliance under the current regulatory framework.

It is reported that the Round Coin Technology website has already displayed the 'Hong Kong Dollar Stablecoin HKDR (coming soon)' and has a dedicated page introducing HKDR. Liu Yu stated that the company will make every effort to promote it and is confident that it will ultimately succeed in obtaining a license.