Circle: No plans to issue a Hong Kong dollar-denominated stablecoin for now, but open to cooperation

According to ChainCatcher, citing a report from Aastocks, Chen Qinqi, Vice President of Circle Asia-Pacific, stated that currently, professional investors in Hong Kong can still use USDC under the existing framework without additional regulation. The company currently has no plans to issue a Hong Kong dollar-denominated stablecoin, and is mainly focused on the US dollar stablecoin USDC and the euro stablecoin EURC at this stage.

Chen Qinqi also pointed out that Circle remains open to collaborations related to Hong Kong dollar stablecoins, has already held discussions with multiple institutions, and looks forward to the launch of Hong Kong dollar and other stablecoins in the Hong Kong market in the future.