Hong Kong's Golden Hair Director Hong Pizheng: Stablecoins should not be hyped in the short term, but in the long term. The next step will be tokenization of different assets

According to a report by Golden Finance, Hong Kong Financial Development Council Chairman Hong Pizheng recently presided over the annual report press conference and stated that stablecoins should not be the target of speculation. Digitization of the asset market is a long game, and stablecoins should play a stabilizing role and should not be underestimated. He believes that Hong Kong's current development pace is among other financial centers. Hong Pizheng also revealed that stablecoins are part of the digitization of Hong Kong's financial market, tokenizing trading currency intermediaries. He believes that there will be different asset tokenization in the next step, but the development process will take time and will not be fully tokenized for the time being.