PANews October 31 live report, during the "Financial New Ecology - Web 3.0 Navigation: High-Level Dialogue on the Hong Kong Market" event, Hong Kong Legislative Council member Qiu Dagen stated that the scale of stablecoins globally has reached hundreds of billions of dollars. For Hong Kong, the application scenarios of stablecoins are key, such as whether it is possible to expand more scenarios beyond international payments. In addition, Qiu Dagen also mentioned that whether it is possible to issue a stablecoin in RMB is also a direction worth exploring at present.
