Hong Kong concept coins experiencing another surge?! 🤔

DefiLlama shows that Bitcoin prices vs VC fund raising levels, hinting that crypto still requires mainstream participation and external capital injection to sustain.

The HKMA has announced a high-profile launch of their e-HKD program on Thursday, detailing the stablecoin's multiple potential use-cases across consumer payments and tokenized deposits.16 institutions across the financial, payment, and tech industries have been selected to participate in the pilot, including HSBC, SCB, BoC, CCB, Alipay Financial Services, Visa, Mastercard, and most interestingly Ripple. This pilot is a major step in the right direction to give real-world use cases for crypto. The crypto meccas should continue to flow East as Asia continues to take a methodical approach to digital assets.