The Hong Kong Monetary Authority is HK's 'central bank'. It maintains a peg for the HK dollar against the USD, since 1983, trades within a range of 7.75 to 7.85 for USD/HKDHead...
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about...