Hong Kong Treasury Secretary Paul Chan: Hong Kong's stablecoin has a clear positioning and there is no opportunity for speculation

According to Odaily Planet Daily, Hong Kong Financial Services and the Treasury Secretary Paul Chan stated that Hong Kong's stablecoin has a clear positioning as a delivery tool and another form of legal tender, posing no opportunity for speculation. He urged the public to exercise caution. He added that while payments through the banking system could cost as much as 3%, using a stablecoin could potentially cost as little as 1%, potentially reducing cross-border payment costs and improving economic efficiency. (Hong Kong Radio)