【Xu Zhengyu: Hong Kong Stablecoin Has a Clear Position, No Speculation Opportunities】According to a report by Golden Finance, Xu Zhengyu, the Secretary for Financial Services and the Treasury of Hong Kong, stated that the positioning of Hong Kong's stablecoin is clear, serving as a delivery tool and another manifestation of legal tender, with no opportunities for speculation, reminding the public to exercise caution. Xu Zhengyu added that payment through the banking system could incur costs of up to 3%, while using stablecoins could reduce costs to as low as 1%, thereby lowering cross-border payment costs and enhancing economic operational efficiency.