According to a report by Coin World, an analysis published by the Mobile Payment Network states that the Hong Kong Monetary Authority may conditionally allow certain stablecoin cases to engage in currency mismatching. Licensed institutions must demonstrate that they consistently possess the ability to maintain full redemption capability, even under extreme and market pressure conditions, while ensuring that any currency mismatch measures do not transfer risk to stablecoin holders. Additionally, licensed institutions must discuss and obtain approval from the Hong Kong Monetary Authority prior to proposing plans for the composition and proportion of reserve assets, as well as risk management measures. Furthermore, the Hong Kong Monetary Authority does not prohibit licensed institutions from hiring distributors outside of Hong Kong. However, licensed institutions should conduct due diligence and risk assessment before hiring, continuously monitor throughout the process, and adhere to relevant third-party risk management measures, paying special attention to comply with local laws and regulations.