Hong Kong Financial Secretary Paul Chan pointed out in his essay "Accelerating Progress and Setting Sail Stable" that the rise of digital assets has promoted the development of related businesses of financial institutions. Hong Kong adopts a more open model, allowing licensed issuers to choose different fiat currencies as anchor currencies for stablecoins. This will help attract different institutions from around the world to issue stablecoins in Hong Kong, enhancing activity liquidity and market competitiveness. Without a doubt, Hong Kong will become an important player in the global stablecoin race!