According to online reports, according to an analysis issued by Mobile Payment Network, the Hong Kong Monetary Authority can conditionally allow currency mismatches in some stablecoin cases. Licensed institutions must demonstrate that they always have the ability to maintain full redemption, including under extreme and market pressure conditions, while ensuring that any currency mismatch measures do not transfer risk to stablecoin holders. In addition, licensed institutions also need to discuss and obtain approval from the Hong Kong Monetary Authority in advance before proposing plans such as the composition and proportion of reserve assets, as well as risk management measures. In addition, the Hong Kong Monetary Authority does not prohibit licensed institutions from employing distributors outside Hong Kong. However, the licensee should conduct due diligence and risk assessment before employment, and continue to monitor throughout the process, while following relevant third-party risk management measures. The licensee should also pay special attention to complying with local laws and regulations.