$ALEO Gate News Report, on April 11, Hong Kong Monetary Authority Deputy Chief Executive Chen Weimin stated that the choice of which currency a stablecoin issuer issues mainly depends on the applicant's own decision. They can initially launch a Hong Kong dollar stablecoin, and in the future, issuing other currencies including the Renminbi is permitted under the Hong Kong system, but applicants also need to obtain approval from mainland regulatory authorities. Regarding when the second batch of stablecoin issuer licenses will be issued, Chen Weimin said there is currently no specific timetable, but they have been maintaining communication with applicants interested in applying for licenses. Additionally, HSBC's stablecoin will be integrated into the PayMe and HSBC HK App, supporting real-time transfers between individuals and P2M services for personal-to-merchant transactions.