PANews reported on April 14 that Livio Weng, CEO of Newfire Group, recently gave an exclusive interview to Phoenix TV, offering his insights on the issuance of stablecoin licenses in Hong Kong and the industry's development. He stated that the regulatory move is prudent and reasonable, avoiding the "sprinkling pepper" effect caused by resource dispersion and significantly improving the certainty of compliant project development. At the same time, the Hong Kong dollar stablecoin sector urgently needs to seize this opportunity to achieve a leapfrog development.

Livio Weng stated that the success of stablecoins relies on large-scale application and a complete ecosystem collaboration. Too many licenses can easily lead to resource fragmentation and inefficient "pepper-sprinkling" competition, which in turn hinders the overall development of the industry. As a leading digital asset service company in Hong Kong, Newfire Group has seen significant customer growth in the past six months, with a considerable number of clients expressing demand for stablecoins. Therefore, we also plan to establish a stablecoin trading and asset management business in the next six months.

In addition, Livio revealed in the interview that AI Agent will be a key force driving the large-scale application of stablecoins for a long period of time.