Proponents call for the Hong Kong government stablecoin to compete with Tether and USD Coin

Crypto and blockchain advocates have written a report urging the Hong Kong government to issue a stablecoin pegged to the local dollar, which could challenge Tether’s dominance (USDT) and USD coins (USDC). According to the English translation of the July 3 report if Chinese crypto reporter Colin Wu, four people associated with financial innovation designed […]