💲#USDC

Circle, the issuer of the stablecoin USDC, announced that Hong Kong is a key market for USDC. The company plans to expand its presence by hiring additional staff and establishing a local business in the region. Circle is currently awaiting the rollout of new stablecoin regulations in Hong Kong and is considering applying for a license. Hong Kong offers significant advantages for stablecoin development, such as same-day U.S. dollar settlement capabilities and status as the largest capital market in the Asia-Pacific region.