PANews reported on October 31st that at the "New Financial Ecology - Web3.0 Navigation: Hong Kong Market High-end Dialogue" event, Hong Kong Legislative Council member Qiu Dagen said when talking about the development of Hong Kong stablecoins that the global scale of stablecoins has reached 100 billion US dollars. For Hong Kong, the scenario application of stablecoins is the key, such as whether it is possible to expand more scenarios besides international payments. In addition, Qiu Dagen also said that whether it is possible to issue RMB stablecoins is also a direction worth exploring at present.
Hong Kong Legislative Council Member Qiu Dagen: RMB is a direction worth exploring for the issuance of stable currency in Hong Kong
Comment
Recommend Reading
2024-11-22UK to announce cryptocurrency and stablecoin regulation rules in early 2025
Data: Hong Kong virtual asset ETF today's trading volume is about HK$167 million
Survey: About one-third of Hong Kong's private wealth management institutions expect to allocate up to 10% of virtual assets within five years
2024-11-22An interview with Finoverse, the organizer of Hong Kong Fintech Week, from 2,500 people to one of the world's largest fintech events
2024-11-22Glassnode: Who led the $62.9 billion capital inflow into the crypto market?
Hybrid payment platform Rise Labs completes $6.3 million Series A financing, with DCG and others participating
