TechFlow news, October 13 — According to AASTOCKS, Chen Qinqi, Vice President for Asia Pacific at Circle, the issuer of USDC, said that Circle currently has no plans to issue a Hong Kong dollar-denominated stablecoin and primarily offers two products: the U.S. dollar-pegged stablecoin USDC and the euro-pegged stablecoin EURC.
Regarding its expansion in Asia, Circle has obtained a Major Payment Institution license in Singapore, allowing qualified investors to obtain USDC directly from Circle. In Japan, USDC is the first stablecoin that regulators have permitted licensed operators to offer to the public.
On Hong Kong operations, Chen Qinqi revealed that Circle currently does not have an office in Hong Kong and is continuously evaluating potential locations. Regarding collaboration on Hong Kong dollar-pegged stablecoins, Circle remains open and has engaged in discussions with multiple companies to share expertise. Chen expects more stablecoins denominated in various currencies to emerge in the future but emphasized the strong global demand for the U.S. dollar, noting that 75% of trade in Asia is priced in dollars.
