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Wu Jie: Stablecoins have great development potential in Hong Kong, but retail investors should remain cautious when investing.
According to ChainCatcher news, as reported by Hong Kong media New City Finance Channel, Hong Kong Legislative Council member Wu Jiezhuang stated that there is a significant opportunity for the development of stablecoins with the passage of the stablecoin regulatory framework to establish a licensing system for stablecoin issuers. He believes that Hong Kong will become a combination of innovative finance and the real economy in the future, and there will be more value-added and entrepreneurial opportunities. However, regarding the issuance of stablecoins by internet companies and Financial Institutions in Hong Kong, Wu Jiezhuang expressed welcome but reminded retail investors not to be greedy and to first understand the investment risks, maintaining a cautious attitude when making investments.