Asia’s Financial Hub Race Accelerates Amid Stablecoin Expansion

Last week, Osaka Governor Hirofumi Yoshimura highlighted the third-year results of the “Osaka International Financial City” initiative. The city has attracted 27 overseas financial institutions and 650 startups, signaling its ambition to position itself as a next-generation financial hub. Once considered Asia’s financial hubs, Singapore and Hong Kong now face competition as the rise of stablecoins reshapes the region’s monetary order, raising the question of which country or city will lead. Korea: Pivot Toward Private Stablecoins and Retail Payments Once focused primarily on central bank digital currency (CBDC) initiatives, South Korea has accelerated a pivot toward private stablecoins source: https://beincrypto.com/asias-financial-hub-race-accelerates-amid-stablecoin-expansion/