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Lü Zhihong: The regulatory framework for stablecoins in Hong Kong has been standardized throughout the entire process, minimizing risks to the greatest extent.

According to Foresight News and reports from Sina Finance, Lui Chih-Hung, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Group, stated that stablecoins may face potential risks related to asset allocation, network security, and smart contracts. However, Hong Kong's regulatory framework has been standardized throughout the entire process of entry, operation, and exit to minimize risks, with the core objective being to ensure the asset security of stablecoin holders. The price of stablecoins is relatively stable, leaning more towards being a payment tool rather than an investment product, and the core of regulation also revolves around ensuring the “holding security” of stablecoin holders.

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