Wu said that according to a report, Circle co-founder and CEO Jeremy Allaire stated that Hong Kong is an important market for USDC, and the company intends to hire more employees and establish operations in Hong Kong. They are currently waiting for the new stablecoin regulations in Hong Kong to be released, and will consider applying for a license once they understand the regulations. Additionally, Circle's Vice President for the Asia-Pacific region, Chen Qinqi, mentioned that Hong Kong has significant advantages in developing stablecoins, including the ability to conduct same-day USD settlements, and it is the largest capital market in the Asia-Pacific region. He believes that there will be considerable market demand for the Hong Kong version of stablecoins.