Techub News reports that, according to Hong Kong Radio, the Secretary for Financial Services and the Treasury, Hui Ching-yu, stated that the positioning of Hong Kong's stablecoin is clear, serving as a payment tool and manifesting as another form of legal tender, with no speculation opportunities. He reminded the public to be cautious. Hui Ching-yu also added that the cost of payments through the banking system could reach 3%, while the cost of using stablecoins is expected to be as low as 1%, which can reduce cross-border payment costs and improve economic operational efficiency.