Former Hong Kong Monetary Authority Chief Joseph Yam stated that due to geopolitical influences, the importance of pegging the Hong Kong dollar to the US dollar has increased, and he described the Hong Kong dollar as the "largest US dollar stablecoin." He mentioned that by 2025, Hong Kong will hold up to $2,560 billion in US Treasury bonds, emphasizing the importance of maintaining the pegged exchange rate system.
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Former Hong Kong Monetary Authority Chief Joseph Yam stated that due to geopolitical influences, the importance of pegging the Hong Kong dollar to the US dollar has increased, and he described the Hong Kong dollar as the "largest US dollar stablecoin." He mentioned that by 2025, Hong Kong will hold up to $2,560 billion in US Treasury bonds, emphasizing the importance of maintaining the pegged exchange rate system.
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