PANews reported on October 13 that according to Aastocks, Chen Qinqi, vice president of Asia Pacific at Circle, the issuer of the stablecoin USDC, said that under the current framework, professional investors in Hong Kong are still allowed to use USDC and are not regulated. Circle has no plans to issue locally denominated stablecoins. It mainly issues two stablecoins, namely the US dollar stablecoin USDC and the euro stablecoin EURC. However, it is open to future cooperation with the Hong Kong dollar stablecoin and has negotiated with many companies. It looks forward to seeing the Hong Kong dollar stablecoin and other stablecoins issued in Hong Kong.