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Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project trends, technological progress and other industry trends for the week. This article is one of the weekly news magazines, giving you a glimpse of the major events in the blockchain industry this week.
headlines
▌Hong Kong is exploring the launch of stable currency HKDG
Jinse Finance reported that Hong Kong is exploring the launch of a stable currency HKDG to compete with $USDT$ and $USDC$ Compete with mature stablecoins. By backing HKDG with foreign exchange reserves, the government seeks to foster financial innovation and maintain its leadership in the blockchain space. By issuing a Hong Kong dollar-pegged stablecoin (HKDG), the government aims to increase transaction efficiency, reduce costs and improve the existing payment system. The move is expected to strengthen Hong Kong's fintech capabilities and improve the efficiency and inclusiveness of its financial system. However, the government's current plan to allow private institutions to issue Hong Kong dollar stablecoins may limit its market...