Xiao Feng: Stablecoins are impacting traditional cross-border payments, and Hong Kong can become a testing ground for offshore markets.

[Coin World] HashKey Group’s Chairman and CEO Xiao Feng stated in an interview that stablecoins can enhance the accessibility of Financial Services in underdeveloped regions. This is also the reason why Africa has the largest user base of USD stablecoins. In the field of cross-border payments, the traditional “Bank + Swift” method may be impacted by stablecoins. Xiao Feng believes they should explore new roles and service methods. In addition, regarding the recent mention of stablecoins by the Central Bank, Xiao Feng sees this as a positive signal and suggests a step-by-step, layered, and regional approach to gradually advance relevant pilots, with Hong Kong serving as a testing ground for offshore markets.

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