Odaily Planet Daily reported that the Hong Kong Monetary Authority may conditionally allow currency mismatching in some stablecoin cases. Licensed institutions must prove that they have the ability to maintain full redemption at all times, including under extreme and market pressure conditions, and ensure that any currency mismatch measures will not transfer risks to stablecoin holders. In addition, licensed institutions must discuss and obtain approval from the Hong Kong Monetary Authority before proposing plans such as the composition and proportion of reserve assets and risk management measures. In addition, the Hong Kong Monetary Authority does not prohibit licensed institutions from hiring distributors outside of Hong Kong. However, licensed institutions should conduct due diligence and risk assessments before hiring, and continuously monitor the entire process, while following relevant third-party risk management measures. Licensed institutions should also pay special attention to complying with local laws and regulations. (Mobile Payment Network)