ewrhebe
@sdvsbsbs
Hong Kong's finance chief said stablecoins are backed by fiat currency. They can be used for payments via blockchain tech. Issuers are regulated by HKMA, following traditional finance rules. Reserves must be managed properly, with quick redemption within a day. Stablecoins help in "Belt and Road" regions with unstable currencies. They reduce payment risks in less mature financial systems.
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