The Financial Secretary of Hong Kong, Paul Chan, pointed out in his essay "Accelerating Forward and Steady Sailing" that the rise of digital assets has driven the development of related businesses in financial institutions. Hong Kong has adopted a more open model, allowing licensed issuers to choose different fiat currencies as the anchor currency for stablecoins. This will help attract various global institutions to issue stablecoins in Hong Kong, enhancing activity liquidity and market competitiveness. Undoubtedly, Hong Kong will become an important player in the global stablecoin arena!