Paul Chan: Stablecoin policy is progressing steadily; possibility of gold pegging being studied.

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according to the Hong Kong Economic Journal, Hong Kong Financial Secretary Paul Chan stated at the public consultation forum on the financial budget that Hong Kong's current stablecoin policy is developing well and will continue to gradually advance related work.

In response to citizens' suggestions to peg stablecoins to gold, Paul Chan replied that the government will consider this possibility after completing the first phase of the stablecoin framework. Relevant research is currently underway, but he emphasized the need for cautious handling.

This forum is part of the Hong Kong government's public consultation on the new financial budget, which will be officially released on the 25th of next month.

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