According to online reports, Yu Weiwen, President of the Hong Kong Monetary Authority, pointed out in his article "The Stable and Sustainable Development of Stabiloins" in Huisi: Currently, the agency is conducting market consultation on specific guidelines for the implementation of the stablecoin regulations and strives to formulate guidelines as soon as possible. Due to the regulator's responsibility, the market is expected to view stablecoin more objective and calm. stablecoin is not an investment or speculative tool, but a payment tool using blockchain technology. It is an interface connecting traditional finance and digital assets and has no room for appreciation. In order to promote responsible and sustainable development of the market, licence applicants must demonstrate that they have specific and feasible business solutions and have sufficient technical and financial resources to support operations so that their business can continue to operate steadily.