Wu said that according to a report by Ta Kung Pao, HSBC stated that the development of Hong Kong dollar stablecoins will not affect the linked exchange rate system, as the issuance of stablecoins is only a transfer of Hong Kong dollars within the system, and the overall supply remains unchanged. As long as the Hong Kong Monetary Authority maintains sufficient foreign exchange reserves, stablecoins will not weaken the Hong Kong dollar pegging mechanism. In addition, Hong Kong is expected to serve as a testing platform for the development of stablecoins, helping mainland regulators observe their impact on the economy and cross-border payments. In the future, there may be stablecoins pegged to the Chinese yuan for cross-border settlement or tokenized asset trading, which will help internationalize the Chinese yuan and weaken the dominant position of the US dollar in the digital asset field. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=46225