PANews reported on October 31st that at the "New Financial Ecology - Web3.0 Navigation: Hong Kong Market High-end Dialogue" event, Hong Kong Legislative Council member Qiu Dagen said when talking about the development of Hong Kong stablecoins that the global scale of stablecoins has reached 100 billion US dollars. For Hong Kong, the scenario application of stablecoins is the key, such as whether it is possible to expand more scenarios besides international payments. In addition, Qiu Dagen also said that whether it is possible to issue RMB stablecoins is also a direction worth exploring at present.