Viewpoint: Hong Kong proposes the concept of "designated stablecoins", corresponding to a value anchored regulatory model

The 21st Century Business Herald published an analysis titled "Hong Kong's' Bet 'on Stablecoins: A Key Landing for an International Financial Center", which pointed out that Hong Kong proposed the concept of "designated stablecoins", corresponding to the model of "value anchored regulation". The concept of "stablecoin" refers to a stablecoin that refers to one or more official currencies, or a designated unit of measurement or economic value storage form by the Hong Kong Monetary Authority to maintain stable value. Regulatory focus on two types of activities: issuing designated stablecoins in Hong Kong; Or designated stablecoins issued outside Hong Kong but claiming to anchor the value of the Hong Kong dollar, this design ensures that stablecoins pegged to the Hong Kong dollar are regulated while leaving some room for other stablecoins.