📢 21st Century Business Herald analyzes Hong Kong’s stablecoin strategy:

Hong Kong introduces the concept of “designated stablecoins” under a “value-referenced regulatory model.” These are stablecoins pegged to one or more official currencies or units of value designated by the HKMA to maintain price stability.

The regulation targets two key activities:

👉Issuing designated stablecoins within Hong Kong;

👉Issuing them outside Hong Kong while claiming a peg to the Hong Kong dollar.

This framework ensures regulatory oversight for HKD-pegged stablecoins while allowing flexibility for others.