Decoding HKDG: Seven Inquiries | Joint Proposal by Multiple Experts — What’s Its Enchanting Allure?
<p>Due to the significant role and enormous potential of stablecoins in the digital financial ecosystem, the Hong Kong industry has started envisioning the development prospects of a Hong Kong dollar stablecoin （HKDG）. On July 3rd, several experts and scholars focusing on Hong Kong’s Web3 published a joint article in Ta Kung Pao, strongly proposing that the HKSAR government issue a HKDG backed by Hong Kong’s foreign exchange reserves. This proposal aims to promote financial technology innovation, enhance the competitiveness of the financial market, and maintain Hong Kong’s competitive advantage in the digital economy era. Prior to this, the<strong> OKG Research also published an article titled “Seven Questions about HKDG: Issuance Logic, Regulatory Rules, and Potential Impacts” in the most renowned financial media in the Greater China area, Finet, at the end of June. It shared observations and thoughts on the HKDG with various sectors.</strong></p>
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