Wu Shuo learned that, according to a report by Xinhua News Agency, on April 15, Hong Kong Monetary Authority Deputy Chief Executive Chen Weimin stated at the HSBC Investment Summit that Hong Kong is simultaneously experimenting with three paths: central bank digital currency (CBDC), tokenized deposits, and stablecoins. Currently, the final form of future currency remains unknown, and there is a desire to explore all three tracks, but it is believed that ultimately, trust will still be built on sovereign central bank currency. Based on this, tokenized deposits can be developed as a form of commercial bank currency, while stablecoins supported by fiat currency may facilitate adoption among the younger generation, but underlying trust still depends on sovereign currency.

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