Lui Zhihong: Hong Kong’s stablecoin regulatory framework has been standardized from the entire process to minimize risks

According to Foresight News, according to Sina Finance, Lui Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Team, said that stablecoins may face potential risks such as asset allocation, network security, and smart contracts. However, Hong Kong’s regulatory framework has standardized the entire process from admission, operation, and exit to minimize risks. The core goal is to protect the asset security of stablecoin holders. The price of stablecoins is relatively stable, and they are more preferred as payment instruments than investment products. The core of supervision is also centered around ensuring the "safety of holding" of stablecoin holders.
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