Circle: No Plans to Launch a Hong Kong Dollar-Led Stablecoin, But Open to Collaboration

BlockBeats News, October 13th, Chen Xinqi, Vice President of Circle in the Asia-Pacific region, stated that currently professional investors in Hong Kong can still use USDC under the current framework without additional regulation. The company currently has no plans to issue a Hong Kong dollar-denominated stablecoin and is primarily focusing on the US dollar stablecoin USDC and the Euro stablecoin EURC.

Chen Xinqi also pointed out that Circle maintains an open attitude towards cooperation related to the Hong Kong dollar stablecoin, has engaged in discussions with multiple institutions, and looks forward to the launch of the Hong Kong dollar and other stablecoins in the Hong Kong market. (Aastocks)