#美国加密货币政策框架# Seeing that Hong Kong is about to officially implement the "stablecoin regulation," I believe this is an important milestone in financial innovation and regulation. Although the licensing threshold is high, this cautious attitude precisely reflects the emphasis on financial safety. For investors, this means that there may be more compliant stablecoin options in the future, but at the same time, it is important to remain rational and not blindly chase after them. I recommend that everyone follow the first batch of licensed institutions; their business models and risk control capabilities may become industry benchmarks. In the long run, stablecoins are expected to play a role in areas such as cross-border payments and asset tokenization, but remember not to view them as speculative tools. Maintaining a cautious wait-and-see approach, waiting for policies to become clearer, is the prudent way.