Xu Zhengyu: Hong Kong stablecoin is a delivery tool, and there is no opportunity for hype

According to Coinjie.com, Hong Kong Financial Affairs and Treasury Secretary Xu Zhengyu said that stablecoins are positioned as payment tools and are a reflection of legal currency, and there is no room for speculation. After using stablecoins, cross-border payment costs are expected to drop from 3% to 1%, improving efficiency. The government is planning to become an international gold trading center and promote the construction of warehousing and trading settlement. The interconnection mechanism will enrich the types and promote the inclusion of real estate trust funds. It is still necessary to discuss system upgrades with the mainland.