Reported about 23 hours ago
PwC emphasizes that Hong Kong has a significant opportunity to become a global hub for multicurrency stablecoins, stressing that being a 'first mover' in this market is essential for success. With the introduction of regulations that allow various stablecoins to be pegged to different fiat currencies, the city aims to attract diverse financial institutions, enhance liquidity, and integrate stablecoins into mainstream financial systems. The anticipated debut of local stablecoin issuers signifies Hong Kong's commitment to positioning itself as a crucial player in international trade finance.
Source: YAHOO