What types of digital currencies are issued in Hong Kong?

The types of digital currencies issued in Hong Kong include: Stable coins: USDT, USDC, BUSD Trading tokens: BTC, ETH, BNB Central bank digital currency: e-HKD

Types of digital currency issued in Hong Kong

As an international financial center, Hong Kong has been actively exploring and developing the field of digital currency. Currently, digital currencies issued in Hong Kong are mainly divided into the following categories:

Stablecoin

• Tether (USDT): A stablecoin pegged to the U.S. dollar, issued by the Tether company.
• USD Coin (USDC): Another stablecoin pegged to the U.S. dollar, issued by Circle Corporation and Coinbase.
• Binance USD (BUSD): A stablecoin pegged to the U.S. dollar, issued by Binance.

Trading Token

• Bitcoin (BTC): The world’s first decentralized cryptocurrency with high liquidity and popularity.
• Ethereum (ETH): A smart contract platform that can be used to develop decentralized applications.
• Binance Coin (BNB): The native token issued by Binance and used to pay transaction fees and participate in platform activities.

Central Bank Digital Currency (CBDC)

• Electronic Hong Kong Dollar (e-HKD): The CBDC being researched and developed by the Hong Kong Monetary Authority is expected to be pegged to the Hong Kong dollar.

The above digital currencies can be used in a variety of application scenarios, including cross-border remittances, commodity payments, financial investments, etc. In Hong Kong, the regulatory framework for digital currencies is still being improved and aims to balance innovation and risk management.

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