According to reports, USDC stablecoin issuer Circle plans to expand its business presence in Hong Kong. Circle co-founder and CEO Jeremy Allaire stated that Hong Kong is an important market for USDC, and the company intends to hire more employees and establish a business network in Hong Kong. He revealed that Circle is closely monitoring the new stablecoin legislation being drafted in Hong Kong, and will decide whether to apply for a license after the government submits the relevant system to the Legislative Council by the end of the year. Allaire hopes that the Hong Kong Monetary Authority (HKMA) will provide a clear regulatory framework for stablecoin issuers to facilitate compliant business expansion.

USDC

PANews, November 4th, reports that USDC stablecoin issuer Circle plans to expand its business presence in Hong Kong. Circle co-founder and CEO Jeremy Allaire stated that Hong Kong is an important market for USDC, and the company intends to hire more employees and establish a business network in Hong Kong. He revealed that Circle is closely monitoring the new stablecoin legislation being drafted in Hong Kong, and will decide whether to apply for a license after the government submits the relevant system to the Legislative Council by the end of the year. Allaire hopes that the Hong Kong Monetary Authority (HKMA) will provide a clear regulatory framework for stablecoin issuers to facilitate compliant business expansion.