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Hong Peizheng: Stablecoins as a Long-Term Arena, Not Short-Term Speculation Tools
6 day ago /
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Author：小编
At the annual report conference, Hong Peizheng, Chairman of the Hong Kong Financial Development Council, emphasized that stablecoins, as a cornerstone of Hong Kong's financial market digitization, must fulfill their stabilizing function and avoid being co-opted by short-term speculative activities. With numerous companies poised to apply for stablecoin operations, Hong Kong is positioned to lead the global development of stablecoins. Mr. Hong further proposed that Hong Kong should establish itself as a treasury hub serving the "Global South," leveraging the evolution of stablecoins to diversify investment and supply chain risks.
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