CoinVoice has recently learned that Circle CEO Jeremy Allaire recently participated in a 40-minute interview, where he disclosed that the dominance of the US dollar stablecoin in the market is a continuation of the global financial system. Most international trade, transactions, and financial products are priced in US dollars, so the demand for stablecoins naturally primarily revolves around the US dollar. Additionally, the adoption of regional stablecoins such as the Euro and Japanese Yen will gradually grow in local markets, with Euro Coin already becoming the largest euro stablecoin in the market.
Jeremy Allaire also stated that Hong Kong has become a core business development area for Circle. As an important hub for global trade and capital flow, Hong Kong will help Circle's business development in the Asian market. Circle is currently establishing a currency exchange service in Hong Kong to facilitate local users in creating and exchanging USDC at any time. [Original link]
