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Cheng Maobo: The strategy for issuing stablecoins is "small steps and quick progress"; stablecoins are a payment tool, not an investment tool.
ME News Report, April 13 (UTC+8), Hong Kong Financial Secretary Paul Chan Mo-po stated that the licensing strategy is “small steps and quick progress,” initially issuing only a few licenses, which must have practical application scenarios. After the market is launched and experience is summarized, a second batch will be issued. Stablecoins and digital assets are financial innovations that require encouragement for breakthroughs, but safety must also be maintained, with mechanisms in place to prevent money laundering, hence appropriate regulation is necessary. The benefits of stablecoins include decentralization and high efficiency, but they are only a payment tool, not an investment tool. (Source: Foresight News)