Stablecoin

Pacific

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<ul class="wp-block-list news-points">
 <li>Circle CEO Jeremy Allaire reveals the firm’s plans to expand its stablecoin market to Hong Kong.</li>
 <li>Allaire identifies Hong Kong as a significant market for the platform’s stablecoin, USDC.</li>
 <li>Chen Qinqi, Circle’s Asia Pacific Vice President, remains confident about the city’s prospects in the stablecoin market.</li>
</ul>
Jeremy Allaire, CEO and co-founder of Circle, sees Hong Kong as a key market for the company’s stablecoin, USDC. Allaire announced Circle’s plans to <a href="https://www1.hkej.com/dailynews/headline/article/3919349/USDC%25E7%2599%25BC%25E8%25A1%258C%25E5%2595%2586Circle%25E8%25AC%2580%25E6%2594%25BB%25E6%25B8%25AF" target="_blank" rel="noopener noreferrer nofollow">expand its presence</a> in Hong Kong, potentially hiring more staff and establishing local operations. However, Circle is waiting for clarity on Hong Kong’s upcoming stablecoin regulations before deciding whether to pursue a license.
Hong Kong is becoming a crypto hub despite mainland China’s restrictions on the market. To expand its crypto market, Hong Kong will <a href="https://coinedition.com/hong-kong-to-license-all-crypto-exchanges-by-year-end/" rel="noopener noreferrer nofollow">introduce new laws</a> and regulations, and will also launch a Virtual Asset Index Series. The city plans to establish a clear regulatory framework for the stablecoin industry. Hong Kong will also release the planned stablecoin regulatory agenda by the end of this year.
<h2 class="wp-block-heading" id="h-circle-s-vp-expresses-confidence-in-hong-kong">Circle’s VP Expresses Confidence in Hong Kong</h2>
While the stablecoin issuer a…
The post <a href="https://coinedition.com/circles-allaire-sees-hong-kong-as-key-stablecoin-market/" rel="noopener noreferrer nofollow">Circle’s Allaire Sees Hong Kong as Key Stablecoin Market</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Circle’s Allaire Sees Hong Kong as Key Stablecoin Market

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