Wu said that, according to AASTOCKS, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that Hong Kong's stablecoin is positioned as a delivery tool and is another representation of fiat currency, with no speculative opportunities. The "Stablecoin Regulation" comes into effect this month, and the cost of payment through the banking system in the past could reach 3%, but it is believed that the cost is expected to decrease to 1% with the use of stablecoins, which will reduce cross-border payment costs and improve efficiency.