It is reported that the President of the Hong Kong Monetary Authority, Yu Weiwen, has once again discussed stablecoins, stating that recently, with the heated hype surrounding the concept of stablecoins, there has been an overly excited sentiment in the market. Some listed companies, regardless of whether their main business is related to stablecoins or digital assets, have claimed to have the intention to expand into the stablecoin business, and this has led to a "magical transformation," causing their stock prices to rise and trading volumes to increase significantly, while also greatly enhancing the companies' visibility. The Monetary Authority had previously...