CoinVoice has recently learned that, according to Jin10 data, 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 are another embodiment of fiat currency, with no speculative opportunities, reminding the public to be cautious. He mentioned that the cost of payments through the banking system could reach 3%, while the cost of using stablecoins is expected to drop to 1%, which could reduce cross-border payment costs and improve economic operational efficiency. [Original link]