Hong Kong Unity Fund: stable coin as an example of the implementation of regular supervision enhances the development potential of stable coin cross-border payment scenes.

Simon Lee, Vice President and Executive Director of Public Policy Research Institute of Unity Hong Kong Foundation, commented on the formal implementation of the "Stablecoin Regulations". He stated that the implementation of the "Stablecoin Regulations" as scheduled signifies a significant step for Hong Kong in the development and regulation of virtual assets, further consolidating Hong Kong's position as an international financial center. Lee pointed out that the regulations enhance the certainty and compliance foundation of the virtual asset ecosystem. The Hong Kong government can take the initiative to actively promote Hong Kong's legal framework in stablecoin regulation, robust financial infrastructure, and international talent advantages to global stablecoin issuers and potential investors, attracting more related enterprises to establish a presence in Hong Kong. Furthermore, the regulatory system provides clear guidelines, requiring licensed entities to comply with rules on asset management and risk control, which will help improve market transparency and further enhance investor and consumer confidence in stablecoins. Lee continued to mention that the regulations will help the government promote Hong Kong as a hub for Web3.0 and digital asset innovation. Through compliant regulation, it will facilitate the development potential of stablecoins in cross-border payments, fund circulation, and transaction settlement scenarios, as well as promote the tokenization trading process, establishing a leading advantage for Hong Kong in the digital finance sector.