Stablecoins Could Reduce Cross-Border Payment Costs: Hong Kong Expert Sees Promise

Hong Kong’s investment community believes stablecoins hold the potential to drastically reduce costs associated with international payments. In a recent interview, Du Gan-kun, chairman of the Hong Kong Investor and Financial Education Council, emphasized this idea stating that stablecoins are primarily designed for cross-border money transfers. If these digital assets gain wider acceptance within society, they could revolutionize international remittances, potentially lowering transaction fees significantly.