the Chairman of the Hong Kong Institute of Certified Public Accountants and Financial Reporting, Sun Deji, stated that the stablecoin industry in Hong Kong is still in its early stages. Rushing to formulate a large number of detailed audit standards at the moment may be detrimental to the industry. It is expected that Hong Kong may not introduce comprehensive stablecoin audit and accounting guidelines until 1 to 3 years in the future. According to the "Stablecoin Regulations" that took effect in Hong Kong on August 1, stablecoin license holders are required to undergo independent audits every year to ensure transparency and compliance. Sun Deji stated that the Hong Kong Institute of Certified Public Accountants and Financial Reporting may only indirectly participate in the regulation of stablecoins. A cautious regulatory strategy is expected to be applied to stablecoins, similar to the licensing of virtual banks (now known as digital banks) in the past. It will clearly define how to audit licensed institutions and how to recognize, measure, and disclose them in financial statements.