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Yu Weiwen: Avoid excessive speculation on stablecoins; at the initial stage, at most only a few stablecoin licenses will be issued.
The President of the Hong Kong Monetary Authority, Eddie Yue, spoke again about stablecoins. Recently, with the hype surrounding the concept of stablecoins, the market has shown signs of excessive excitement. Eddie Yue: To avoid the excessive speculation of stablecoins, at the initial stage, at most only a few stablecoin licenses will be issued.
The President of the Hong Kong Monetary Authority, Yu Weiwen, talks again about stablecoins. Recently, with the hype surrounding the concept of stablecoins, the market has shown excessive enthusiasm.