L Zhihong: Hong Kong stablecoin regulatory framework is clear, issuers must meet multiple requirements such as capital, assets, and redemption.

According to the Intelligence Finance APP, Hong Kong's Stablecoin Regulatory and Web3 Development Group member Lu Zhihong stated that Hong Kong has established a clear regulatory framework for virtual asset regulation, especially in the issuance and regulation of stablecoins. Currently, Hong Kong only allows the compliant issuance of "fiat-collateralized stablecoins" supported by legal tender. Relevant institutions must strictly comply with regulatory requirements to ensure transparent issuance and asset security.