Circle currently has no plans to issue a Hong Kong dollar-pegged stablecoin.
Jinse Finance reported that Chen Qinqi, Vice President of Circle Asia-Pacific, stated that Circle currently has no plans to issue a Hong Kong dollar-denominated stablecoin, and mainly issues two products: the US dollar stablecoin USDC and the euro stablecoin EURC. In terms of its layout in Asia, Circle has obtained a Major Payment Institution license in Singapore, allowing professional investors to obtain USDC directly from Circle. In Japan, USDC is the first stablecoin approved by regulators to be offered to the public by licensed operators. Regarding its business in Hong Kong, Chen Qinqi revealed that Circle currently does not have an office in Hong Kong but will continue to evaluate office locations. As for cooperation with Hong Kong dollar stablecoins, Circle maintains an open attitude and has already discussed and shared expertise with multiple companies. Chen Qinqi expects that more stablecoins denominated in different currencies will emerge in the future, but emphasized that there is a huge global demand for the US dollar, with 75% of Asia’s trade denominated in US dollars.
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