Reported 1 day ago
As Hong Kong's Stablecoin Bill progresses through the Legislative Council, advocates highlight its potential for various financial applications, including domestic payments and cross-border trade. The bill aims to balance financial stability with consumer protection, allowing stablecoins—digital assets pegged to fiat currencies—to facilitate faster, cheaper transactions and new investment opportunities. Experts suggest stablecoins could revolutionize payments, automate loyalty rewards, and enable seamless international trade.
Source: YAHOO