Former Chief Executive of the Hong Kong Monetary Authority: The Hong Kong dollar is actually the largest "USD stablecoin"
ChainCatcher news, according to Hong Kong media outlet HK01, Hong Kong Executive Council member and former CEO of the Hong Kong Monetary Authority, Norman Chan, stated that the evolution of geopolitics has increased the importance of the Hong Kong dollar being pegged to the US dollar, and bluntly said, "The Hong Kong dollar is actually the largest stablecoin of the US dollar."
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
AI cloud startup Lambda, backed by Nvidia, races toward IPO: planning to raise up to $4 billions in the final pre-listing round, with a valuation of $14.5 billions
Cloud computing company Lambda, backed by NVIDIA, is launching its final funding round before its IPO, aiming to raise up to 4 billion US dollars.
United States Dollar Index retakes 102.00 as bulls eye YTD peak ahead of FOMC Minutes

McDonald's (MCD.US) sued over AI pricing tool, accused of facilitating algorithmic collusion among U.S. franchisees
McDonald's (MCD.US) is facing a federal lawsuit. The complaint alleges that its AI-enhanced pricing tool violates antitrust laws by sharing non-public data with franchisees who may compete in the same market.
Samsung Electronics delivers its strongest quarterly report ever; can HBM4e restart AI memory trading?
Samsung Electronics is about to face a critical test. The company will release its preliminary results on Thursday, and it is expected to record its largest-ever quarterly operating profit. However, the real test is not the scale of profits, but whether it can convince investors that the demand for memory chips is sustainable and that high product prices can be secured through long-term contracts.

