Bloomberg analysis: Hong Kong stablecoins may be linked to real-world assets such as real estate in the future

Odaily News Bloomberg Industry Research released a report exploring the potential of Hong Kong's stablecoin market and its impact on the foreign exchange market. Analysts said that since any stablecoin pegged to the Hong Kong dollar is backed by Hong Kong dollar cash or cash equivalents, the stablecoin will still be affected by the Hong Kong dollar-US dollar peg. Even if the value of the stablecoin remains stable during any potential adjustment of the peg, the assets supporting the stablecoin may need to be revalued, so it is believed that Hong Kong's stablecoins may be linked to real-world assets such as real estate in the future.
In addition, since stablecoin issuers must hold corresponding legal tender, the large-scale, tokenizable high-quality asset reserves will promote the popularization of stablecoins in Hong Kong, and the new medium of exchange will also release the liquidity of real-world assets in Hong Kong. (Hong Kong Radio)