According to Odaily Planet Daily, in response to market rumors that the Hong Kong Monetary Authority (HKMA) is not pushing forward the retail application of digital Hong Kong dollars, HKMA Deputy Chief Executive Lee Tat-chi stated: "We have not ruled out the retail application of stablecoins. We believe there is a high chance of using stablecoins in retail, but the actual usage still depends on the decisions of commercial institutions."

Li Dazhi added that digital Hong Kong dollars, stablecoins, and tokenized deposits are technically similar, differing only in their issuers. Digital Hong Kong dollars are "publicly issued currencies," while tokenized deposits and stablecoins are "privately issued currencies." Digital Hong Kong dollars and tokenized deposits tend to use private blockchains, while stablecoins are mostly issued on public blockchains. Furthermore, Zhou Wenzheng, Assistant Chief Executive (Financial Infrastructure) of the Hong Kong Monetary Authority (HKMA), stated that based on expressions of interest received by the HKMA, seven banks currently intend to launch tokenized deposits this year. (Hong Kong Economic Journal)