According to Deep Tide TechFlow news on August 1, as reported by Hong Kong Radio, the CEO of Standard Chartered Hong Kong and Greater China and North Asia stated that the group is still studying the new documents related to stablecoin issued by the Monetary Authority. With the "Stablecoin Ordinance" coming into effect tomorrow, the group is exploring possible options and application scenarios, aiming to submit an application as soon as possible.

Standard Chartered, Arm, and Hong Kong Telecommunications have formed a consortium and are one of the participants in the "regulatory sandbox" for stablecoin issuers.

Xuan Huiyi stated that the group had previously participated in the "regulatory sandbox" and has been focused on exploring opportunities in the Hong Kong dollar market. She believes that the new framework for stablecoins adopts a risk-oriented approach, achieving a good balance, while also maintaining an open attitude towards commercial solutions. The group believes that digital assets will play an important role in the financial system in the future.