According to the Daily Economic News, Song Ke, Executive Vice President of the Shenzhen Research Institute of Renmin University of China, stated that Hong Kong's "Stablecoin Regulations" is the world's first comprehensive regulatory framework targeting fiat stablecoins. From a global perspective, the regulations have a demonstrative effect on the formulation of stablecoin policies. In his view, after the implementation of the "Stablecoin Regulations", relevant institutions will be able to quickly transform the pilot experiences accumulated in the early stages into actual products, accelerating the promotion of stablecoins in the Hong Kong region of China.