What’s the future of Hong Kong stablecoins? A cross-border payment tool, insiders say
‘Stablecoins have the potential to shorten the time for cross-border payment from days to minutes,’ Jingdong Coinlink’s Teddy Liu says

The company, a participant in the city’s regulatory sandbox trial, is preparing to launch stablecoins pegged to both the Hong Kong dollar and the US dollar. Depending on Beijing’s approval, the firm may also issue offshore yuan-pegged stablecoins in the future, according to Liu.
He pointed out that Jingdong Coinlink’s goal was to address cross-border settlement problems that businesses face in global trade.
“For cross-border trade, especially among small to medium-sized enterprises, international payments are cumbersome,” Liu said. “There are problems such as a lack of dedicated services, high costs, low efficiency and lack of transparency.”