Hong Kong plans to launch stablecoins. This news has excited many people in the industry. This is a very historic moment! What exactly is Hong Kong’s upcoming stablecoin? How is it different from the USDT we are familiar with?

To put it simply, Hong Kong stablecoin is an encrypted digital currency that is closely linked to legal currency and aims to maintain a constant value. This means that its issuance marks a big step towards the real digital currency era. Compared with USDT, Hong Kong stablecoin has two significant features.

First of all, the ratio of its anchoring to the Hong Kong dollar is 1:1, which undoubtedly enhances its stability; secondly, the issuer of the stable currency will accept all-round strict supervision by the government and must obtain a pre-license from the government to conduct related business.

Therefore, compared with USDT, the core difference of Hong Kong's stablecoin lies in its currency and strong government endorsement, which greatly improves its security and is also expected to expand to more daily application scenarios, such as the payment field. wait.

If progress goes well, it is expected that the relevant legislative procedures will be completed and officially released next year. So, who will serve as the issuer of Hong Kong’s stablecoin? Why are they keen on issuing stablecoins?

In short, this is a project jointly initiated by wealthy individuals and the government. Faced with such a lucrative industry, who can not be tempted? Dong Ge from JD.com has expressed his intention to participate. So, what opportunities lie behind this?

The security and compliance of Hong Kong stablecoins are fully guaranteed. At present, some compliant and licensed virtual asset exchanges, brokers and asset management companies have begun to get involved in this field, and the Hong Kong government is also continuously increasing its support for the industry. Therefore, in the current competitive market, there are endless possibilities whether engaging in related business or making investments.

Finally, when the stablecoin is officially launched, I believe that as old players, we will also have a certain amount of wool waiting for us to play with it. What do you think? $BTC $USDC #香港稳定币