According to Mars Finance, reported by Jin10, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that the positioning of stablecoins in Hong Kong is clear; they serve as a payment tool and represent another form of legal currency, with no speculative opportunities. He reminded the public to be cautious. He said that the cost of payments through the banking system could reach 3%, while the cost of using stablecoins could be as low as 1%, which could reduce cross-border payment costs and enhance economic operational efficiency.