A policy paper has recently proposed the creation of a government-backed stablecoin, the HKDG, in Hong Kong to potentially compete with well-established digital counterparts, such as USDT and USDC.

A policy paper suggesting the Hong Kong government to launch its own stablecoin, named HKDG, backed by its substantial foreign exchange reserves, has been put forth. This d

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Author: Bralon Hill

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