PANews
PANews|Oct 13, 2025 03:20
[Circle: No plans to issue a Hong Kong dollar-denominated stablecoin for now, but open to collaboration on HKD stablecoins] According to Aastocks, Circle's Vice President for Asia-Pacific, Chen Qinqi, stated that under the current framework, professional investors in Hong Kong are still allowed to use USDC without regulatory restrictions. Circle has no plans to issue locally denominated stablecoins and primarily issues two types of stablecoins: the US dollar stablecoin USDC and the euro stablecoin EURC. However, the company is open to future collaboration on HKD stablecoins and has already been in discussions with several companies. Circle looks forward to seeing HKD stablecoins and other stablecoins issued in Hong Kong.
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