Bloomberg analysis: Hong Kong stablecoins may be linked to real-world assets such as real estate in the future

Planet Daily News: Bloomberg Industry Research released a report exploring the potential of Hong Kong's stablecoin market and its impact on the foreign exchange market. Analysts stated that any stablecoin pegged to the Hong Kong dollar would be backed by Hong Kong dollar cash or cash equivalents, and would therefore still be influenced by the Hong Kong dollar's linked exchange rate with the US dollar. Even if the stablecoin's value remains stable during any potential linked exchange rate adjustments, the assets supporting the stablecoin may need to be revalued. They believe that future Hong Kong stablecoins could potentially be linked to real-world assets such as real estate. Additionally, since stablecoin issuers must hold the corresponding legal tender, and large-scale, tokenizable high-quality asset reserves could promote the popularization of Hong Kong stablecoins, these new trading mediums could also release the liquidity of Hong Kong's real-world assets. (Hong Kong Radio)