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Xiao Feng: Hong Kong Stablecoin License Will Not Be Limited to HKD Stablecoins, Issuers Can Decide Network Deployment

Summary: According to reports, Xiao Feng, Chairman of HashKey Group, recently stated in an interview with Legal Daily that after the approval and issuance of stablecoin licenses in Hong Kong, issuers can issue stablecoins of various currencies, not just limited to HKD stablecoins. Additionally, the blockchain network required for the deployment of stablecoins will be determined ...

According to reports, Xiao Feng, Chairman of HashKey Group, recently stated in an interview with Legal Daily that after the approval and issuance of stablecoin licenses in Hong Kong, issuers can issue stablecoins of various currencies, not just limited to HKD stablecoins.

Additionally, the blockchain network required for the deployment of stablecoins will be determined by the issuer, meaning it can be Ethereum, Solana, or other networks, or even a self-operated blockchain network.

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Link: Xiao Feng: Hong Kong Stablecoin License Will Not Be Limited to HKD Stablecoins, Issuers Can Decide Network Deployment [Copy]

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