Circle: No plans to issue a Hong Kong dollar-denominated stablecoin for now, but open to cooperation
According to ChainCatcher, citing a report from Aastocks, Chen Qinqi, Vice President of Circle Asia-Pacific, stated that currently, professional investors in Hong Kong can still use USDC under the existing framework without additional regulation. The company currently has no plans to issue a Hong Kong dollar-denominated stablecoin, and is mainly focused on the US dollar stablecoin USDC and the euro stablecoin EURC at this stage.
Chen Qinqi also pointed out that Circle remains open to collaborations related to Hong Kong dollar stablecoins, has already held discussions with multiple institutions, and looks forward to the launch of Hong Kong dollar and other stablecoins in the Hong Kong market in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
Crypto prices
More
