Stablecoins, while not primarily intended to ease U.S. debt, are creating new demand for U.S. Treasury bonds as a side effect, according to Zhu Taihui, a senior researcher at the National Finance and Development Laboratory. Zhu emphasized that 2025 should not be considered the first year of compliance for stablecoins. Currently, stablecoins are accepted for on-site payments in various regions, including the United States, Singapore, and Europe. In Hong Kong, the potential for using stablecoins to pay tuition fees is growing as regulatory policies evolve and technology matures. This development could further integrate stablecoins into everyday financial transactions, expanding their utility beyond traditional investment and payment methods.