Wu Jiezhuang proposed using stablecoins to issue nighttime consumption vouchers to promote the implementation of Web3 applications in Hong Kong.

PANews reported on February 19th that, in response to the Hong Kong Chief Executive's announcement that the first batch of stablecoin issuer licenses would be issued in March, Hong Kong Legislative Council member Ng Kit-chung posted an article on the X platform suggesting that stablecoins be combined with public finance policies. He proposed rapidly popularizing stablecoins through the issuance of "nighttime consumption vouchers," which would both benefit citizens and promote the development of the Web3 industry. He pointed out that this move could bring "four major benefits":

1. Citizens can directly use stablecoins for spending and experience digital payments;

2. Help citizens easily open e-wallets and become familiar with digital assets and stablecoins;

3. Reduce administrative costs by having compliant stablecoin issuers bear part of the promotion expenses;

4. In the long run, improve public awareness of digital assets and reduce the occurrence of fraud cases.