币界网报道：On June 21, CICC published a paper entitled "The Potential Impact of Stablecoins on the Financial System", pointing out that the lending behavior within the decentralized financial system has achieved the function of creating "quasi-currency". In particular, the purchase of tokenized stock assets through stablecoins will cause funds to flow directly into or out of the stock market. In addition, the price of cryptocurrencies fluctuates greatly, affecting stock market expectations. Historical data shows that there is a certain correlation between the Nasdaq index and the price of Bitcoin. The fundamental changes of targets related to crypto assets and stablecoins in the stock market, such as crypto asset exchanges and financial institutions, will also affect stock prices. For the Hong Kong dollar, by regulating the issuance of stablecoins, especially the Hong Kong dollar stablecoin, it will help enhance the influence of the Hong Kong dollar in the field of cross-border payments and crypto assets, enhance the international competitiveness of Hong Kong's financial industry and the Hong Kong dollar, and consolidate the status of Hong Kong, China, as an international financial center.