According to online reports, Hong Kong Financial Secretary Paul Chan said in his latest visit that the development of stablecoins reflects the advantages of one country, two systems. Hong Kong's risks will not be transmitted to the mainland, playing a firewall role. At the same time, Hong Kong, as a testing ground for stablecoins, its exploration and experience can also be used for reference by the mainland. Stable coins are not digital assets used for speculation, but payment and stored value tools with practical application scenarios. For example, they can reduce the time of cross-border payments and the cost of bank charges. He revealed that he has received many inquiries and encouraged the market to start from application scenarios, and said that "as long as there are practical application scenarios, priority will be given when issuing licenses." In addition, stablecoins are currently supervised by the HKMA, while virtual asset trading platform licenses are managed by the Securities Regulatory Commission. Chen Maobo said that he is currently personally leading a team to coordinate various regulatory departments to ensure seamless connection between all parties and that nothing will fall into regulatory gaps.