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

3 hours ago

On October 13th, Chen Xinqi, the vice president of Circle in the Asia-Pacific region, stated that currently professional investors in Hong Kong can still utilize USDC within the existing framework without the need for additional regulations. The company currently has no intentions to issue a Hong Kong dollar-denominated stablecoin and is mainly concentrating on the US dollar stablecoin USDC and the Euro stablecoin EURC. Chen Xinqi also pointed out that Circle maintains an open stance towards cooperation related to the Hong Kong dollar stablecoin. It 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)
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