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Shrikant raut
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Shrikant raut

mindkiend
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#HKCompletesFirstHKDStablecoinUseCase completed HKD stablecoin use case is worth more than another framework announcement, because it's the gap between a licence regime and a working settlement rail. The detail that decides how far it reaches: whether it's redeemable at par by anyone, or a closed loop between permitted institutions. Most first use cases are the second kind. Hong Kong moving here also puts the regional competition on a clock — Singapore and Japan aren't going to sit still. Does a bank-issued stablecoin compete with USDT and USDC, or do a different job entirely?
#HKCompletesFirstHKDStablecoinUseCase
completed HKD stablecoin use case is worth more than another framework announcement, because it's the gap between a licence regime and a working settlement rail.
The detail that decides how far it reaches: whether it's redeemable at par by anyone, or a closed loop between permitted institutions. Most first use cases are the second kind.
Hong Kong moving here also puts the regional competition on a clock — Singapore and Japan aren't going to sit still.
Does a bank-issued stablecoin compete with USDT and USDC, or do a different job entirely?
Ver traducción
#HKCompletesFirstHKDStablecoinUseCase a completed HKD stablecoin use case is worth more than another framework announcement, because it's the gap between a licence regime and a working settlement rail. The detail that decides how far it reaches: whether it's redeemable at par by anyone, or a closed loop between permitted institutions. Most first use cases are the second kind. Hong Kong moving here also puts the regional competition on a clock — Singapore and Japan aren't going to sit still. Does a bank-issued stablecoin compete with USDT and USDC, or do a different job entirely?
#HKCompletesFirstHKDStablecoinUseCase
a completed HKD stablecoin use case is worth more than another framework announcement, because it's the gap between a licence regime and a working settlement rail.
The detail that decides how far it reaches: whether it's redeemable at par by anyone, or a closed loop between permitted institutions. Most first use cases are the second kind.
Hong Kong moving here also puts the regional competition on a clock — Singapore and Japan aren't going to sit still.
Does a bank-issued stablecoin compete with USDT and USDC, or do a different job entirely?
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