Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, pointed out in an article titled "Stablecoin Stability and Sustainable Development" in "Exchange Thoughts" that the Authority is currently consulting the market on implementing specific guidelines for stablecoin regulations, striving to establish guidelines as soon as possible. It is hoped that the market can objectively and calmly view stablecoins as part of the regulator's responsibilities. Stablecoins are not investment or speculative tools, but one of the payment tools using blockchain technology, connecting traditional finance with digital assets. Stablecoins themselves do not have room for appreciation. In order to promote responsible and sustainable development in the market, license applicants must demonstrate specific feasible business plans and have sufficient technical and financial resources to support operations, so that their business can be operated sustainably and steadily.
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