The 21st Century Business Herald published an analysis titled "Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center," which points out that Hong Kong has proposed the concept of "designated stablecoins," corresponding to a model of "value anchoring regulation." The concept of "designated stablecoins" refers to stablecoins that maintain stable value by referencing one or more official currencies, or units of account or forms of store of value designated by the Monetary Authority.
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Hong Kong proposes to specify the concept of stablecoin and bets on the value anchor regulation model.
The 21st Century Business Herald published an analysis titled "Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center," which points out that Hong Kong has proposed the concept of "designated stablecoins," corresponding to a model of "value anchoring regulation." The concept of "designated stablecoins" refers to stablecoins that maintain stable value by referencing one or more official currencies, or units of account or forms of store of value designated by the Monetary Authority.