Hong Kong Legislative Council member Wu Jietzhuang: The future digital Hong Kong dollar can play the role of a stablecoin

ChainCatcher news, according to a report by the Hong Kong Economic Journal, Legislative Council member Wu Jiezhuang revealed that he took advantage of the Legislative Council's summer recess to visit six provinces in mainland China and Singapore for inspections. During his visit to Singapore, he found that it is quite common for large luxury goods transactions, such as private jets, to be conducted using virtual currencies like USDT. He believes that Hong Kong should catch up quickly and improve its regulatory framework. He also thinks that the digital Hong Kong dollar to be launched in the future can play the role of a stablecoin, promoting the development of virtual asset trading in Hong Kong.