#香港稳定币监管# Seeing these new developments regarding the regulation of stablecoins in Hong Kong and the United States makes me feel both relieved and worried. I am relieved that the regulatory framework is gradually becoming clearer, paving the way for the compliant development of stablecoins. However, I am concerned that overly strict entry barriers may stifle innovation. I believe it is crucial to find a balance between safety and innovation. For individual investors, it is now more important to be cautious when choosing stablecoins, prioritizing those issued by large issuers that have obtained regulatory approval. In the long run, these regulatory measures will benefit the healthy development of the stablecoin ecosystem, but in the short term, they may bring some fluctuations. We must remain patient and view this process with a long-term perspective. At the same time, we should closely follow the policy trends of various countries, as this will profoundly affect the evolution of the global stablecoin landscape.