China Asset Management (Hong Kong) is actively exploring the integrated use of stablecoins for payment, redemption, and asset management, according to CEO Gan Tian. The company is among several institutions at a pivotal stage where the foundational rules for stablecoin operations are established, and practical applications are poised for expansion. As stablecoins transition from concept to practical use, they are expected to play a significant role in the global monetary system, potentially consolidating into a few mainstream options supported by robust financial markets and trade scenarios.