Hong Kong's Stablecoin Market Potential Explored in Recent Report

According to Odaily, Bloomberg Industry Research has released a report examining the potential of Hong Kong's stablecoin market and its impact on the foreign exchange market. Analysts suggest that any stablecoin pegged to the Hong Kong dollar is supported by cash or cash equivalents in Hong Kong dollars, thus remaining influenced by the linked exchange rate between the Hong Kong dollar and the U. S. dollar source: https://www.binance.com/en/square/post/26037768153714?utm_source=BinanceNewsRSS