Edward Yau: Stablecoin Policy Advancing Steadily, Exploring Gold Pegging Possibility

BlockBeats News, January 12th, according to The Standard, Hong Kong Financial Secretary Paul Chan stated at a public consultation forum on the 2026 budget that Hong Kong's current stablecoin policy is progressing well and will continue to gradually advance related work. In response to citizens' proposal to peg the stablecoin to gold, Chan stated that the government will consider this possibility after completing the first phase of the stablecoin framework. The government is currently conducting related research but emphasizes the need for careful consideration. This forum is part of the Hong Kong government's public consultation on the new budget, which will be officially released on the 25th of next month.