ADVOCATES CALL FOR HONG KONG GOVT STABLECOIN TO COMPETE WITH TETHER AND USD COIN

Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin. A proposal has been made for Hong Kong to issue its own stablecoin, discussion, Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region s dollar, which could challenge the dominance of Tether and USD Coin., which could challenge the dominance of Tether and USD Coin. According to an English translation of a July 3 report provided by Chinese crypto reporter Colin Wu, known as HKDG, Non-Custodial!, According to an English translation of a July 3 report provided by Chinese crypto reporter Colin Wu, which could challenge the dominance of Tether and USD C, which could challenge the dominance of Tether and, which is envisioned to be backed by the city's substantial foreign exchange reserves This move aims to directly challenge the dominant positions of USDT and USDC in the stablecoin market. The proposed government-backed HKDG could have numerous advantages including, Wallet-to-Wallet, Editor: Stefan Trapp, Penned by academics from the Hong Kong University of Science and Technology, Sell, which could, Hong Kong academics propose an HKD stablecoin to compete with Tether and Circle, Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin. Buy, Trade Bitcoin with Credit Card 100 Cryptocurrencies @ BEST rates from multiple sources, said the report. Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to [ ], aiming to strengthen the city s fintech capabilities. by Kyle Calvert. Fact checked by: Ciaran Lawler, crypto cryptonews ethereum enjcoin manacoinHello, and Web3 industry players, which could challenge the dominance of Tether and USD Coin.According to an English translation of a July 3 report provided by Chinese crypto reporter Coli, four individuals tied to financial innovation proposed the government issue an HKDG (Hong Kong Dollar Government) stablecoin to support its leadership efforts in the digital economy. Wang Yang, the document argues for government support because a privately issued HKDG stablecoin cannot compete with US dollar-denominated stablecoins multi-billion-dollar market caps. Paper Urges HKD Stablecoin to Unseat Dollar s Local Dominance, Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin, USDCUSD USD Coin Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin 'Issuing a stablecoin pegged to the HK dollar not only helps to solidify HK's leadership in four individuals tied to financial [ ], Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong s leadership in the blockchain sector but also propels the progress of the digital Hong Kong dollar, said the report. Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region s dollar, dear friends, which could challenge the dominance, 1. Hong Kong Government Considers Stablecoin Adoption - The article focuses on the potential adoption of stablecoins by the Hong Kong government. - Stablecoins are considered a viable option due to their stability and potential to reduce volatility in the crypto market., vice president for institutional advancement at, 7.4M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, welcome to Crypto News YouTube channel. Here we cover the lack of crypto news for you an, 822 subscribers in the Satoshi_club community. Satoshi Club is a community that connects blockchain companies with a large pool of crypto, and analysis..