Hong Kong’s Stablecoin Moment Eclipses Dollar Peg Debate

Hong Kong’s stablecoin moment eclipses dollar peg debate

As global markets obsess over Hong Kong’s 42-year-old currency peg to the US dollar, Financial Secretary Paul Chan seems more intrigued by the next four decades for the city’s economy. The currency speculators testing the Hong Kong monetary authority have a point, of course. The Hong Kong dollar is experiencing extreme volatility as the US […] The post Hong Kong’s stablecoin moment eclipses dollar peg debate appeared first on Asia Times.

Hong Kong Can Be China’s Stablecoin Staging Ground, Policy Adviser Says

Hong Kong Can Be China’s Stablecoin Staging Ground, Policy Adviser Says - Territory’s legal framework makes it an ideal venue for developing an offshore yuan-pegged cryptocurrency, state-backed think tank chief argues

HashKey Exchange Fuels Web3 Revolution Of Hong Kong With Stablecoin Era

The United States and Hong Kong have recently created a path for stablecoin regulations. With this advancement, the next phase of blockchain innovation is ready to kick off its momentum. HashKey Exchange reflects this shit by hosting “New Horizons Salon” fourth edition in Central, Hong Kong. The program highlights a forward-thinking theme, that is, “Hong Kong Web3 2.0 — Kicking Off the Second Growth Curve.” With stablecoin laws passed in & Hash…

Why critics of the Hong Kong dollar peg are getting it wrong

In financial markets, the Hong Kong dollar is known as a “widow-maker”, a ruinous trade that inflicts painful losses on successive generations of …