@cz_binance: More countries will start to realize that issuing a local stablecoin increases demand for their currency, and in-turn t…
Summary
CZ commented that more countries will realize issuing local stablecoins boosts demand for their currency and government bonds, citing HSBC's Hong Kong dollar stablecoin RedCoin reaching 50,000 users and HK$87.75M in circulation within its first week.
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Cached at: 11/03/26, 10:30 AM
More countries will start to realize that issuing a local stablecoin increases demand for their currency, and in-turn their government bonds. USD have a huge lead already.
CoinDesk (@CoinDesk): JUST IN: @HSBC’s Hong Kong dollar stablecoin RedCoin hits 50,000 users in its first week, with HK$87.75M in circulation and plans to expand beyond PayMe to tokenized investment products.
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