Circle: There are no plans to issue a Hong Kong dollar-pegged stablecoin, but we are open to collaboration

ChainCatcher news, according to Aastocks, Circle's Vice President for the Asia-Pacific region, Chen Qinqi, stated that professional investors in Hong Kong can currently use USDC under the existing framework without additional regulation. The company has no plans to issue a Hong Kong dollar-pegged stablecoin and is currently focused on the US dollar stablecoin USDC and the euro stablecoin EURC.

Chen Qinqi also pointed out that Circle remains open to collaborations related to a Hong Kong dollar stablecoin and has engaged in discussions with several institutions, looking forward to the future launch of the Hong Kong dollar and other stablecoins in the Hong Kong market.