Phoenix TV interview with Livio, CEO of Newfire Group: Newfire plans to establish a stablecoin trading and asset management business within the next six months.

Livio Weng, CEO of Newfire Group, recently gave an exclusive interview to Phoenix TV, offering his insights on the licensing of stablecoins 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 the opportunity to achieve a leapfrog development.