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Bloomberg analysis: Hong Kong stablecoins may be pegged to real-world assets such as real estate in the future
Bloomberg Industry Research released a report exploring the potential of the Hong Kong stablecoin market and its impact on the foreign exchange market. Analysts said that since any stablecoin pegged to the Hong Kong dollar is backed by Hong Kong dollar cash or cash equivalents, the stablecoin will still be affected by the pegged exchange rate between the Hong Kong dollar and the US dollar. Even if the value of the stablecoin remains stable during any potential adjustment of the Linked Exchange, ...
2025-06-24 06:20:32
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