Farcaster

Circle, the issuer of the stablecoin USDC, announced (https://www1.hkej.com/dailynews/headline/article/3919349/USDC%25E7%2599%25BC%25E8%25A1%258C%25E5%2595%2586Circle%25E8%25AC%2580%25E6%2594%25BB%25E6%25B8%25AF) 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.