Odaily Planet Daily reported that according to the Hong Kong Ta Kung Pao, Yao Zhisheng, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, published an article entitled "Focusing on Three Major Themes to Promote High-Quality Development in Hong Kong", in which he pointed out that stablecoins anchored to legal tender have both the openness, transparency, decentralization and globalization attributes of cryptocurrencies given by blockchain technology and distributed ledgers, and the characteristics of stable value of legal tender. As an international financial center and the world's largest offshore RMB business center, Hong Kong should give full play to the advantages of "one country, two systems", seize the commanding heights in the development of stablecoins, strive to build itself into a global stablecoin issuance center, and strengthen Hong Kong's role as a "digital financial hub."
