Circle CEO: Establishing USDC cash-in service in Hong Kong, the USD stablecoin is an extension of the global financial system.

2024-12-14 08:03:15

Odaily Planet Daily News Stable Coin issuer Circle CEO Jeremy Allaire recently conducted a 40-minute interview with foreign media. He revealed that the dominance of the US dollar Stable Coin in the market is an extension of the global financial system. Most international trade, transactions, and financial products are priced in US dollars, so the demand for Stable Coin naturally focuses on the US dollar. In addition, regional Stable Coins such as the Euro and the Yen will gradually grow in their local markets. Among them, Euro Coin has become the largest Euro Stable Coin in the market. Jeremy Allaire also stated that Hong Kong has become a core business development region for Circle, and that Hong Kong, as an important hub for global trade and capital flow, will help Circle’s business development in the Asian market. Currently, Circle is establishing coin exchange services in Hong Kong to facilitate local users to create and exchange USDC at any time. (Coindesk)

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