In fact, the Hong Kong dollar itself is another form of US dollar stable currency😅

In the Hong Kong dollar issuance mechanism, financial institutions such as Bank of China, HSBC and Standard Chartered Bank that issue Hong Kong dollars essentially play the role of "Tether", and Hong Kong dollars are "USDT anchored to the US dollar":

The Hong Kong dollar needs to stabilize its exchange rate at a range of 7.75 to 7.85 Hong Kong dollars per US dollar.

In other words, there is about 1.2% fluctuation space, which is much more stable than most stablecoins 😂

[Wang Yang, Cai Wensheng and others proposed that Hong Kong issue a Hong Kong dollar stable currency backed by foreign exchange reserves] #stablecoin

https://foresightnews.pro/news/detail/25649