According to PANews, Hong Kong has proposed the concept of 'designated stablecoins', adopting a 'value-anchored regulation' model. This concept refers to official currencies or specified units to maintain stable value. The regulatory focus is on designated stablecoins issued in Hong Kong and those claiming to be anchored to the Hong Kong dollar. This design ensures that stablecoins linked to the Hong Kong dollar are regulated while leaving room for other stablecoins.