In an article titled 'Building a Web3.0 New Ecosystem with Hong Kong Dollar-Backed Stablecoins,' Vice President of the Hong Kong University of Science and Technology and Chief Scientist of the Hong Kong Web3.0 Association, Dr. Yang Wang, along with others, highlighted the importance that Hong Kong places on attracting international issuers of stablecoins. Following the release of the latest stablecoin consultation summary, industry experts generally view Hong Kong's regulatory framework as more favorable to international issuers. Compared to previous regulations, the new framework demonstrates greater openness, alleviating potential burdens on international issuers. Specifically, the consultation summary document did not impose restrictions on the types of anchor currencies for stablecoins, and it was open to policies allowing reserve assets to be held in other regions. Given Hong Kong's demonstrated friendliness and coherence in virtual asset policies, coupled with its significant position in global financial markets, it is expected that future Hong Kong stablecoin licenses will become a crucial choice for international issuers.