This week, we're exploring Stablecoins—cryptocurrencies that maintain a stable value against traditional assets. With Hong Kong’s new Stablecoins Ordinance, analysts suggest the city could gain a "first mover" advantage as the global cryptocurrency market exceeds US$4 trillion. However, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, has cautioned about potential speculative bubbles in stablecoin investments, urging caution for new investors.

What will the ordinance mean for the virtual asset industry? How are these changes received on the mainland? Could we see yuan-backed stablecoins in the future? CM Chan and Chloe Feng will discuss these questions with Evan Auyang, group president of Animoca Brands.