According to Wu, Tether co-founder Brock Pierce recently hinted at a possible return to Hong Kong and said China would be open to cryptocurrencies. However, he did not reveal what kind of business his new company would be engaged in, nor did he clarify whether Hong Kong would become its permanent base of operations. He said Hong Kong is part of an "ongoing dialogue." It is worth noting that Brock Pierce co-founded the stablecoin Tether in Hong Kong ten years ago. As the Hong Kong government strives to attract the cryptocurrency industry to return, he is considering returning to work in Hong Kong for the third time.