According to Chen Qinqi, Vice President of Circle Asia Pacific, a stablecoin USDC issuer, Hong Kong's stablecoin system also follows internationalization. Circle also provided advice during the consultation with the HKMA, including how to integrate into Hong Kong's environment and supervision as an overseas issuer regulated by different countries. Circle is talking to different regulatory authorities about related opportunities. In addition, Chen Qinqi also revealed that the Hong Kong government has ideas to develop the tokenization of capital markets, including reducing capital costs. Circle's main goal in the future is to promote networked currencies, whether it is exchanges, P2P or e-wallets. Different companies can create their own use cases and assist SMEs in reducing capital costs.