Viewpoint: Hong Kong proposes the concept of "specified stablecoin", corresponding to the value-anchored regulatory model

Planet Daily News: The 21st Century Economic Report analyzed the article "Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center", pointing out that Hong Kong proposed the concept of "designated stablecoins", corresponding to a "value-anchored regulation" model. The "designated stablecoins" concept refers to stablecoins that maintain stable value by referencing one or multiple official currencies, or calculation units or economic value storage forms specified by the monetary authority. Regulation focuses on two activities: issuing designated stablecoins in Hong Kong, or issuing designated stablecoins outside Hong Kong that claim to be anchored to the Hong Kong dollar value. This design ensures that stablecoins pegged to the Hong Kong dollar are regulated while leaving some space for other stablecoins.