According to online reports, Chen Maobo, Financial Secretary of the Hong Kong SAR Government, recently wrote an article saying that with the vigorous development of the digital asset market, the market demand for stablecoins is expected to further increase. Stable coins can not only be used as a transaction medium without traditional payment time and geographical restrictions, but also rely on their programmable characteristics to develop diversified innovative solutions to automate and intelligently financial service processes. Noting that many market participants are very interested in this, the Hong Kong Monetary Authority will process license applications received as soon as possible after the Stability Coin Ordinance comes into effect so that qualified applicants can carry out their business. (21 Finance and Economics)