PANews reported on June 29 that according to Ta Kung Pao, Hong Kong Financial Services and Treasury Secretary Paul Hui said on a TV program today (29th) that digital assetsPANews reported on June 29 that according to Ta Kung Pao, Hong Kong Financial Services and Treasury Secretary Paul Hui said on a TV program today (29th) that digital assets

Hong Kong Treasury Secretary: Stablecoins are a tool for financial development, not a tool for making money

2025/06/29 17:04
1 min read

PANews reported on June 29 that according to Ta Kung Pao, Hong Kong Financial Services and Treasury Secretary Paul Hui said on a TV program today (29th) that digital assets are the general trend, emphasizing that stablecoins are not a tool for making money, but a tool for financial development. Paul Hui said that currently financial activities are circulated through funds from different intermediaries or institutions, and stablecoins circulate on the blockchain, which helps to improve the efficiency and speed of financial activities and make the real economy more efficient. When asked about the possibility that stablecoins may weaken international monetary sovereignty, Paul Hui said that the government fully understands the relevant risks and has a clear regulatory concept. It requires stablecoin issuers to have a certain amount of capital or reserves and regulates the redemption time of stablecoins to ensure that buyers or institutions can redeem the currency.

Market Opportunity
Trusta.AI Logo
Trusta.AI Price(TA)
$0.03698
$0.03698$0.03698
-4.39%
USD
Trusta.AI (TA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tesla Stock Forecast: Will $1.25T SpaceX-xAI Merge Boost TSLA?

Tesla Stock Forecast: Will $1.25T SpaceX-xAI Merge Boost TSLA?

Tesla shares closed at $421.96 as of February 4, holding flat while broader markets slipped. The muted move came as investors digested reports that SpaceX and xAI
Share
Coinstats2026/02/04 19:10
Moku Pledges $1M to Launch Grand Arena Season One, a 24/7 AI-Athlete Fantasy Platform

Moku Pledges $1M to Launch Grand Arena Season One, a 24/7 AI-Athlete Fantasy Platform

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Share
Blockchainreporter2025/09/22 22:20
Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business

Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business

The post Long-Awaited NikeSKIMS Launches To Reignite Nike’s Women’s Business appeared on BitcoinEthereumNews.com. Topline After delays due to product issues in its scheduled May release, the first NikeSKIMS activewear collections – the strategic partnership between the sportswear giant and Kim Kardashian’s $4 billion disruptive shapewear venture – will launch on both companies’ websites and in select Nike and SKIMS stores this Friday, September 26. Serena Williams for NikeSKIMS Courtesy of Nike Key Facts NikeSKIMS’ first outing will include three core activewear collections, along with four seasonal collections, all designed to support women with high-performance fabrication expected from Nike and the body-conscious styling SKIMS is known for. The introductory offering features 58 items in neutral colorways that can be combined into more than 10,000 different looks suited for an intense gym workout or a coffee run. An all-star cast of 50 elite female athletes star in the “Bodies at Work” release video, including Jordan Chiles, Romane Dicko, Beatriz Hatz, Chloe Kim, Nelly Korda, Sha’Carri Richardson, Madisen Skinner and Serena Williams, as well as Kardashian and members of UCLA and USC women’s teams. Prices will range from $38 for a bra to $128 for footed leggings, with the sweet spot for the collection in the $50 to $70 range, about even or slightly below the list price of premium activewear brands such as Lululemon and Alo Yoga. Crucial Quote “NikeSKIMS is more than a collaboration – It’s a new brand redefining activewear. With this launch, we are establishing a platform to grow NikeSKIMS, reach consumers worldwide and set a new benchmark for how activewear is experienced across retail, digital and cultural touch points,” said Jens Grede, SKIMS’ co-founder and CEO, in a statement. Key Background Nike has a lot riding on the success of the SKIMS-style meets Nike-function launch of NikeSKIMS. Nike brand revenues dropped 9% to $44.7 billion in fiscal year ended May 31…
Share
BitcoinEthereumNews2025/09/23 22:30