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Hong Kong to Implement USDC-Inspired Stablecoin Regulations in August 2025 Following Circle’s IPO Triumph
Hong Kong to Implement USDC-Inspired Stablecoin Regulations in August 2025 Following Circle’s IPO Triumph
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USDC News -
Hong Kong is establishing itself as a regulated center for stablecoin innovation, with the HKMA announcing that the Stablecoin Ordinance will become effective on August 1, 2025. This development follows Circle's successful US public listing, which highlighted the potential of stablecoins like USDC in traditional finance.
Passed in May 2025, the ordinance introduces a licensing system for fiat-backed stablecoins. HKMA CEO Eddie Yue clarified that these digital assets are designed as payment instruments—not investments—and do not offer appreciation potential. Initial licenses will be granted only to applicants proving operational sustainability and market confidence.
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