Hong Kong has set rules for stablecoins this time! In the future, if you want to create a fiat-backed stablecoin, you must first obtain a license from the Monetary Authority — equivalent to putting a leash on wild paths, preventing financial chaos while not stifling innovation.

In simple terms: Want to play with stablecoins in Hong Kong? Show your license first! Only after compliance can you fully engage in activities. This operation skillfully balances 'stability' and 'innovation' — crypto enthusiasts will have to check for licenses before getting on board! #稳定币热潮