Circle: No plans to issue a Hong Kong dollar-denominated stablecoin, but open to collaboration

According to Odaily Planet Daily, Circle's Vice President of Asia Pacific, Chen Qinqi, stated that professional investors in Hong Kong can still use USDC under the existing framework without additional regulation. Circle has no plans to issue a Hong Kong dollar-denominated stablecoin and is currently focusing on the US dollar stablecoin USDC and the euro stablecoin EURC.

Chen Qinqi also pointed out that Circle remains open to cooperation related to the Hong Kong dollar stablecoin and has already started discussions with multiple institutions. He also looks forward to the future launch of the Hong Kong dollar and other stablecoins in the Hong Kong market. (Aastocks)