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

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ME News message: On June 11 (UTC+8), Xu Chengyu, Secretary for Financial Affairs and the Treasury of the Hong Kong SAR Government, said that two licensed stablecoin issuers have 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 implement relevant application scenarios, and explore more uses of compliant stablecoins in the digital financial sector. In addition, the HKMA has set up an Ensemble project architecture working group to advance the development of unified local standards, enabling interoperability between central bank digital currencies and tokenized assets. (Source: ChainCatcher)
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