Circle Asia Pacific Vice President: No plans to issue a Hong Kong dollar stablecoin for now, but open to cooperation with Hong Kong dollar stablecoins

Techub News reported, according to Hong Kong Economic Journal, Circle Vice President for Asia Pacific Chen Qinqi stated in an interview that under the current framework, Hong Kong professional investors are still allowed to use USDC and are not subject to regulation. Circle has no plans to issue a local currency-denominated stablecoin, primarily issuing two types of stablecoins, namely the US dollar stablecoin USDC and the Euro stablecoin EURC. However, it remains open to future cooperation regarding a Hong Kong dollar stablecoin, has held discussions with multiple companies, and looks forward to seeing the issuance of Hong Kong dollar stablecoins and other stablecoins in Hong Kong.