Hong Kong Financial Secretary Paul Chan: Stablecoins and other digital assets have development potential, and international cooperation is needed to manage risks

According to ChainCatcher, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "From New York to Washington," in which he pointed out that during his attendance at the annual meetings of the International Monetary Fund and the World Bank Group, all member economies recognized that the influence of digital assets is rapidly expanding. The related blockchain technology also has many real-world application scenarios, especially in promoting regional trade and addressing the efficiency and pain points of cross-border settlements. Among them, digital assets such as stablecoins have considerable development potential. International cooperation should be strengthened to prudently manage and control the risks they pose to the stability of the financial system.