As reported by Wu Shuo, Animoca Brands Chairman Yat Siu said that once Hong Kong allows it, Hong Kong dollar-pegged stablecoins will be seen as occupying a unique position in the crypto market. "What's interesting about the Hong Kong dollar compared to most other currencies is that it's pegged to the U.S. dollar, so if you want another regulated currency that's not U.S. but still tied to the U.S. dollar system," Yat Siu said Pegged, I think the Hong Kong dollar is going to be a very interesting alternative." Siu explained that the Hong Kong stablecoin may find a lot of unique demand because the Hong Kong dollar is the U.S. dollar equivalent, not the U.S. dollar, and is not located in the United States.