Hong Kong has fintech startups planning to issue post-quantum stablecoins

According to Hong Kong media Ming Pao, Chen Yufeng, vice chairperson of the Asian Academy of Financial Technologists and an adjunct lecturer at the School of Continuing Education of the University of Hong Kong, said that asset tokenization has become the hottest application of blockchain in the financial industry, and the use of "post quantum cryptography (PQC) " technology can maintain or even enhance the security of blockchain. Hong Kong has also recently announced that it plans to issue the world's first post-quantum stablecoin application. Post-quantum encryption technology protects transactions and assets. The stablecoin is pegged to the US dollar 1:1 and uses post-quantum encryption algorithms to ensure transaction security.