Summary
- Circle said it has no plans to issue a Hong Kong dollar-based stablecoin.
- It said it is currently focusing on existing stablecoins such as USDC and EURC.
- However, it said it is open to cooperation on Hong Kong dollar stablecoins and is in talks with institutions.
Circle, the issuer of the stablecoin USDC (a crypto asset whose value is pegged to fiat currency), said it has no plans to issue a Hong Kong dollar-based stablecoin.
On the 13th (Korea time), according to AA Stock, Cheon Chinji, Circle's Asia-Pacific vice president, said, "Currently, professional investors in Hong Kong can use USDC within the existing regulatory framework and there are no additional regulations," and "At this stage, we are focusing on the dollar-based stablecoin USDC and the euro-based stablecoin EURC."
However, Vice President Cheon said, "We are open to cooperation related to Hong Kong dollar stablecoins," and "We are in discussions with multiple institutions and look forward to the launch of new stablecoins in the Hong Kong market in the future."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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