最新报道:[Xu Zhengyu talks about the stablecoin redemption mechanism again: it must be completed within one trading day, one business day or one working day] According to the Coinnet report, Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said in an interview at the Lujiazui Forum that the use of stablecoins is to return to the essence of finance and effectively solve the pain points in economic activities, rather than simply pursuing the application of technology or just to achieve interoperability. The supervision of the issuance of stablecoins is similar to that of similar financial institutions. For specific withdrawals: First, the issuer itself needs to have capital; Second, if the issuer exchanges money with the stablecoin holder, the reserve must not be less than the value of the currency behind the unredeemed stablecoin at any time; Third, if the holder of the stablecoin wants to exchange it back to the issuer for the local currency, it must be completed within one trading day, one business day or one working day.