Circle Expands USDC Use in Hong Kong: Institutional Focus Drives Strategy

Circle has made inroads into the Hong Kong market by expanding the use of its USD Coin (USDC) stablecoin for institutional adoption. This move is being driven by a clearer regulatory environment, as Circle aims to leverage this opportunity and increase USDC’s presence in Asia. The company is focusing on aligning with the growing regulatory clarity in Hong Kong to facilitate smoother operations within the financial markets.