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Bloomberg Analysis: Hong Kong Stablecoins May Be Linked to Real-World Assets Such as Real Estate in the Future
Summary: Bloomberg industry research report explores the potential of the Hong Kong stablecoin market and its impact on the foreign exchange market. Analysts point out that stablecoins pegged to the Hong Kong dollar are supported by Hong Kong dollar cash or cash equivalents, making them susceptible to fluctuations in the Hong Kong dollar-US dollar exchange rate. ...
Bloomberg industry research report explores the potential of the Hong Kong stablecoin market and its impact on the foreign exchange market. Analysts point out that stablecoins pegged to the Hong Kong dollar are supported by Hong Kong dollar cash or cash equivalents, making them susceptible to fluctuations in the Hong Kong dollar-US dollar exchange rate. Even if the value of stablecoins remains stable during any potential adjustments in the linked exchange rate, the assets backing the stablecoins may need to be revalued. Therefore, it is believed that in the future, Hong Kong stablecoins may be linked to real-world assets such as real estate. Additionally, as stablecoin issuers must hold the corresponding legal tender and a large, tokenizable reserve of high-quality assets can drive the widespread adoption of Hong Kong stablecoins, the new trading medium can also enhance the liquidity of real-world assets in Hong Kong. (Radio Television Hong Kong)
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Link: Bloomberg Analysis: Hong Kong Stablecoins May Be Linked to Real-World Assets Such as Real Estate in the Future [Copy]
