Circle’s Vice President for Asia-Pacific, Chen Qinqi, indicated that professional investors in Hong Kong currently hold flexibility to use USDC without regulatory restrictions according to existing guidelines. Circle has no plans to issue locally-denominated stablecoins, instead focusing its efforts on its primary offerings – the USDC and EURC stablecoins. Nevertheless, Circle remains open to collaborations concerning a Hong Kong dollar stablecoin and has engaged in conversations with various companies regarding this possibility. The company anticipates the eventual issuance of Hong Kong dollar stablecoins along with other stablecoin ventures within the region.