Asia Morning Briefing🌎: Hong Kong’s FinTech Week Belonged to Stablecoins, Not CBDCs

Once the future📍 of digital moneyđŸ’±, central bank digital currencies barely featured this year as Hong Kong’s focus shifted to stablecoins and Brazil’s Drex pause showed how even early adopters are rethinking the model.

What to know:✍

Central bank digital🏩 currencies are losing momentum as stablecoins gain prominence, highlighted at Hong Kong's FinTech Week.

Brazil's pause on its CBDC project, Drex, exemplifies the global shift towards market-driven digital currencies.

Despite widespread CBDC efforts, only three countries have launched them, while private sectors advance digital money💰 infrastructure.#stablecoin $BNB

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