Caijing Magazine: In addition to stablecoins, Hong Kong's digital currency field has also made various attempts, or formed a "competing pattern"

"Caijing" magazine published an article "Hong Kong's beachfront digital assets: stablecoins, RWA, digital RMB multi-channel competition and cooperation", which pointed out that in addition to stablecoins, Hong Kong is also conducting a variety of digital currency experiments, namely the digital currency bridge project jointly led by the Hong Kong Monetary Authority and other central banks and tokenized deposits issued by banks. Many market participants said that this may form a "competition and cooperation pattern" to a certain extent. Qiu Dagan, a member of the Legislative Council of the Hong Kong Special Administrative Region, said in an interview that Hong Kong regulators have provided a clear supervision and tracking process, allowing people to understand the issuance of stablecoins and the bank accounts of users. Commodities are also regarded as an important scenario for the landing of stablecoins.