Circle Technology plans to issue the HKDR Hong Kong dollar stablecoin on Ethereum
According to ChainCatcher, citing Hong Kong media outlet Hong Kong Economic Journal, the Hong Kong stablecoin regulations will come into effect on Friday (August 1). RD Technologies, one of the sandbox participants for the Hong Kong Monetary Authority’s stablecoin issuer program, revealed in a recent exclusive interview with CEO Liu Yu that the company intends to issue the HKDR Hong Kong dollar stablecoin on the Ethereum public blockchain. The planned stablecoin will focus on three main application scenarios: digital asset trading, cross-border trade, and asset tokenization. It is expected that within three to five years, both corporate and individual usage will become the norm.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Linea hints at an imminent TGE
Glassnode: Ethereum Perpetual Futures Open Interest Share Rises to Nearly 40%, Hitting a Two-Year High
Veteran Crypto Figure "Old Cat" Joins Pandu as Company Director
Ethereum Treasury Protocol ETH Strategy Raises Over $46 Million
Trending news
MoreCrypto prices
More
