Wu Jiezhang: Stablecoins have great development potential in Hong Kong, but retail investors should remain cautious when investing

ChainCatcher news, according to Hong Kong media New Town Finance Channel, Hong Kong Legislative Council member Wu Jietzhuang expressed that there is a very large space for the development of stablecoins with the passage of the stablecoin regulatory framework to establish a licensing system for stablecoin issuers. He believes that stablecoins will become a combination of innovative finance and the real economy in the future, and there will be more value-added and entrepreneurial opportunities. However, regarding internet companies and financial institutions planning to issue stablecoins in Hong Kong, Wu Jietzhuang welcomed this but reminded retail investors not to be greedy, and to first understand the investment risks, maintaining a cautious attitude when making investments.