According to PANews, Hong Kong has proposed the concept of "specified stablecoins" and adopted a "value anchoring supervision" model. This concept refers to official currencies or designated units to maintain stable value. The focus of supervision is on specified stablecoins issued in Hong Kong and stablecoins that claim to be anchored to the Hong Kong dollar. This design ensures that stablecoins pegged to the Hong Kong dollar are regulated while leaving room for other stablecoins.
