ChainCatcher news, Hong Kong Special Administrative Region Legislative Council member Yiu Tak-ken stated at the establishment event of the Hong Kong Compliance Industry Association, "I believe stablecoins represent a huge market, and various countries are trying, and everyone is paying attention. However, we need to wait for the regulatory details from Hong Kong to move forward. As a Legislative Council member, I am interested in whether we can issue a stablecoin based on the Renminbi in Hong Kong, as this is a massive market."