Hong Kong's Treasury Secretary, Paul Hui, emphasized the role of stablecoins as tools for financial development rather than profit-making instruments. Speaking on a TV program, Hui noted that digital assets represent a significant trend, with stablecoins enhancing the efficiency and speed of financial activities by circulating on the blockchain. He addressed concerns about stablecoins potentially undermining international monetary sovereignty, stating that the government is aware of the risks and has implemented a regulatory framework. This includes requiring stablecoin issuers to maintain adequate capital reserves and regulating redemption times to ensure stability and security for users.