[Christopher Hui: Clear Positioning of Hong Kong Stablecoin, No Speculative Opportunities] Golden Finance reported that Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated that the positioning of Hong Kong's stablecoin is clear—it serves as a payment tool and another form of legal tender, with no speculative opportunities. He reminded the public to exercise caution. Hui added that payment through the banking system may incur costs of up to 3%, while the cost of using stablecoins is expected to be as low as 1%, which could reduce cross-border payment costs and enhance economic efficiency.