HKDR, a Hong Kong Dollar Stablecoin, Coming Soon on Circle's Website
According to ChainCatcher, as reported by Hong Kong media Ming Pao, Liu Yu, CEO of Round Dollar Technology, revealed in a recent interview that strict regulation of stablecoins is inevitable. Currently, the “ERC-3643” token standard in the market possesses strong regulatory attributes, such as requirements for identity verification and permission restrictions, and may become a method for potential issuers, financial institutions, and virtual asset service providers (VASPs) to operate in compliance under existing regulatory frameworks.
It is reported that the Round Dollar Technology website now displays the “HKD Stablecoin HKDR (coming soon)” and has a dedicated page introducing HKDR. In this regard, Liu Yu stated that the company will make every effort to promote it and is confident in ultimately obtaining the license successfully.
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