Chen Qinqi, Vice President of Circle Asia-Pacific, stated that the stablecoin system in Hong Kong is also being developed in accordance with international standards, and Circle provided input during the consultation period with the Monetary Authority. Chen revealed that the Hong Kong government intends to develop tokenization in the capital markets, and the company's technology is sufficient to provide related services for the financial industry. Circle's primary goal is to promote networked currency, which can be applied in exchanges, P2P, or electronic wallets, helping small and medium-sized enterprises reduce capital costs.

USDC

Odaily Planet Daily reports that Chen Qinqi, Vice President of Circle for the Asia-Pacific region, stated that Hong Kong's stablecoin system is also being developed in alignment with international standards. During the consultation period with the Monetary Authority, Circle provided feedback on how to integrate as an overseas issuer regulated by different countries within Hong Kong's environment and regulations. Circle is currently discussing relevant opportunities with various regulatory departments.

Additionally, Chen revealed that as an international financial center, Hong Kong's government also has plans to develop capital market tokenization, with benefits including visibility of trading data on the blockchain and reduced capital costs. The company’s technology is also capable of providing related services for the financial industry. For Circle, the main objective for the future is to promote networked currencies that can be applied in exchanges, P2P, or electronic wallets, allowing different companies to create their own use cases and help small and medium-sized enterprises reduce capital costs. (Ming Pao)

Circle Executives: The Hong Kong government intends to develop tokenization in the capital markets, and the company's technology is sufficient to provide related services for the financial industry.