A Proposal for Hong Kong to Issue a Hong Kong Dollar Stablecoin to Compete with USDT/USDC
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Policy Proposal by: Wang Yang, Cai Wensheng, Lei Zhibin, Wen Yizhou As the global digital asset market is growing rapidly, the Hong Kong Special Administrative Region government is actively promoting the development of digital assets and the digital economy. This effort stands in stark contrast to the gradual strengthening of digital asset policies in other countries and regions, such as the United States and Singapore. Hong Kong has showcased its acceptance and openness towards the digital asset market to the world. In this context, stablecoins, which serve as a bridge between traditional finance and the digital economy, have become an important topic in Hong Kong’s pursuit of digital asset development. Stablecoins play an indispensable role in the digital financial ecosystem.
A Proposal for Hong Kong to Issue a Hong Kong Dollar Stablecoin to Compete with USDT/USDC
A Proposal for Hong Kong to Issue a Hong Kong…
A Proposal for Hong Kong to Issue a Hong Kong Dollar Stablecoin to Compete with USDT/USDC
Policy Proposal by: Wang Yang, Cai Wensheng, Lei Zhibin, Wen Yizhou As the global digital asset market is growing rapidly, the Hong Kong Special Administrative Region government is actively promoting the development of digital assets and the digital economy. This effort stands in stark contrast to the gradual strengthening of digital asset policies in other countries and regions, such as the United States and Singapore. Hong Kong has showcased its acceptance and openness towards the digital asset market to the world. In this context, stablecoins, which serve as a bridge between traditional finance and the digital economy, have become an important topic in Hong Kong’s pursuit of digital asset development. Stablecoins play an indispensable role in the digital financial ecosystem.