Wang Yang, Vice President of the Hong Kong University of Science and Technology and Chief Scientist of the Hong Kong Web 3.0 Association, and others wrote an article "Issuing Hong Kong Dollar Stablecoins to Build a New Web 3.0 Ecology", which pointed out that after the Hong Kong Stablecoin Consultation Summary was issued, the industry was very concerned about the attractiveness of Hong Kong to international issuers such as USDT or USDC. From the available information, Hong Kong's proposed stable...
Wang Yang, vice president of Hong Kong University of Science and Technology and chief scientist of Hong Kong Web3.0 Association, wrote an article "Issuing Hong Kong dollar stablecoins to build a new ecosystem of Web3.0", which pointed out that the re-issuance of US dollar stablecoins in Hong Kong at this stage is not of great significance. The penetration rate of US dollar stablecoins in the crypto market is now very high and the market structure is relatively stable. The leading position of USD...