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Circle denies plans to issue HKD-backed stablecoins – TON BOT

Circle denies plans to issue HKD-backed stablecoins

Circle, a stablecoin issuer, has no immediate plans to launch a Hong Kong dollar-backed stablecoin but is focusing on expanding its US dollar and euro-pegged stablecoins in Asia. It is the world’s second-largest stablecoin issuer, with USDC and EURC leading in market cap. Hong Kong has seen interest in HKD-pegged stablecoins due to new regulations.


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