Wu Shuo learned that according to a report by Dagong Wenhui, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that digital assets are the trend, and stablecoins should be seen as a financial development tool to improve financial efficiency, rather than being used for making money or speculative purposes. The "Stablecoins Regulations" are about to come into effect, and he emphasized that the government's regulatory concept should be clear, requiring issuers to have sufficient capital or reserves and establish a stablecoin redemption mechanism to prevent potential financial risks and safeguard currency sovereignty. http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44757