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Xu Zhengyu: Exploring More Applications of Compliant Stablecoins in Digital Finance

2026-06-11 03:05:16

Mars Finance News, citing Jintiao, reported that Xu Zhengyu, Director of the Financial Services and Treasury Bureau of the Hong Kong Special Administrative Region Government, said that two licensed stablecoin issuers participated in projects related to central bank digital currency and tokenized deposits led by the Hong Kong Monetary Authority. The HKMA will continue to follow up, urge institutions to roll out the relevant application scenarios, and explore more use cases for compliant stablecoins in the field of digital finance. In addition, the HKMA has established an Ensemble project architecture working group to advance the development of unified local standards and enable interoperability between central bank digital currency and tokenized assets.

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