Hong Kong Completes First Phase of Pilot Initiative for E-HKD
Hong Kong explores the benefits of e-HKD in its digital currency pilots, stresses caution in further implementations.

Hong Kong explores the benefits of e-HKD in its digital currency pilots, stresses caution in further implementations.
The tests are part of Project Mbridge, a CBDC network that the HKMA is testing with the People's Bank of China.
A recent proposal put forward by academics aims to create a Hong Kong Dollar (HKD) stablecoin that would compete with popular USD-denominated stablecoins such as Tether (USDT) and Circle (USDC).
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Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.