Chen Qinqi, Vice President of Circle in the Asia-Pacific region, said that Circle currently has no plans to issue a stablecoin denominated in Hong Kong dollars, mainly issuing two products: the USD stablecoin USDC and the EUR stablecoin EURC.

In terms of layout in Asia, Circle has obtained a major payment institution license in Singapore, and professional investors can directly obtain USDC from Circle. In Japan, USDC is the first stablecoin that regulatory agencies allow licensed entities to offer to the public.

Regarding business in Hong Kong, Chen Qinqi revealed that Circle currently does not have an office in Hong Kong and will continue to evaluate office locations. With regard to cooperation with Hong Kong dollar stablecoins, Circle maintains an open attitude and has discussed sharing expertise with multiple companies. Chen Qinqi expects to see more stablecoins denominated in different currencies in the future, but emphasizes the huge global demand for the US dollar, with 75% of trade in Asia denominated in US dollars.