MANSA’s CEO on How Hong Kong Can Win the Stablecoin Race

Hong Kong’s stablecoin licensing framework is an action towards ending up being Asia’s leading digital asset hub, but success depends on scalable, interoperable infrastructure.The post MANSA’s CEO on How Hong Kong Can Win the Stablecoin Race appeared first on Metaverse Post.

In regions like Africa, Latin America, and Southeast Asia, stablecoins such as USDT have moved from being simply tools for crypto trading to important resources for daily service transactions.For example, in Nigeria, fintech companies utilize stablecoins to streamline cross-border trade and prevent capital limitations. These useful applications show that the genuine strength of stablecoins is rooted in attending to concrete organization difficulties, a point that Hong Kong would be sensible to embrace.Infrastructure, Not Simply PolicyTo accomplish these benefits, Hong Kong needs to progress beyond sandbox pilots and legal structures. With its globally recognized banking sector, the city’s existing Faster Payment System (FPS) and its growing fintech environment provide a strong foundation for a local stablecoin framework.Sanoh emphasizes that stablecoin facilities must complement, not replace, existing fiat systems.