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Hong Kong is going to jumpstart adoption.
Hong Kong plans to issue its first stablecoin licences in March, per legislator Ng Kit Chuang.
But here’s the TWIST.
Ng wants stablecoin airdrops sent directly to residents, similar to the HKD 10,000 e-vouchers that turbocharged digital payments three years ago.
Spend them at local restaurants, cinemas, and small businesses.
The goal is to stimulate the economy and hardwire stables into daily life.
HK is the perfect testing ground.
And if it works, other countries will follow.