Hong Kong Monetary Authority Chief Executive Eddie Yue: Further cooling measures are needed for stablecoins

Hong Kong Monetary Authority Chief Executive Eddie Yue wrote an article again discussing stablecoins. Yue stated that in the past month, there has been a strong discussion about stablecoins in the market and society, but efforts to cool down the discussion still need to be strengthened. He also discussed how to implement the Stablecoin Regulation in accordance with prudent and sustainable principles.