Yu Weiwen: Avoid excessive speculation on stablecoins, at most only a few stablecoin licenses will be issued in the initial stage.

Wisdom Financial APP learned that Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, once again discussed stablecoins. Recently, with the hype surrounding stablecoins, the market has seen excessive excitement. Some listed companies, regardless of whether their core business is related to stablecoins or digital assets, as long as they claim to be interested in developing stablecoin businesses, their stock prices rise in response and their trading volumes increase significantly, and their company's visibility is greatly increased. In fact, it has been clearly stated earlier that at most only a few stablecoin licenses will be issued in the initial stage, in other words, there are quite a few disappointments. Even if a license is obtained, based on the consideration of hoping for steady development, as well as the initial resources that need to be invested, there will be a certain degree of uncertainty in the company's short-term profitability. It is hoped that investors will remain calm and think independently when digesting market "good news."