Bloomberg analysis: Hong Kong stablecoin may be linked to real-world assets such as real estate in the future

Odaily Planet Daily News: Bloomberg Industry Research has released a report exploring the potential of the Hong Kong stablecoin market and its impact on the foreign exchange market. Analysts say that since any stablecoin pegged to the Hong Kong dollar is supported by Hong Kong dollar cash or cash equivalents, stablecoins will still be affected by the linked exchange rate between the Hong Kong dollar and the US dollar. Even if the value of stablecoins remains stable during any potential adjustment period at Lianhui, assets supporting stablecoins may need to be revalued. Therefore, it is believed that stablecoins in Hong Kong may be linked to real-world assets such as real estate in the future. In addition, as stablecoin issuers must hold the corresponding legal tender, the large-scale and tokenizable high-quality asset reserves will drive the popularization of stablecoins in Hong Kong, and new trading media can also release the liquidity of real-world assets in Hong Kong. (Radio Television Hong Kong)