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CZ retweeted a CoinDesk report: Issuing local stablecoins would increase demand for local currencies and their government bonds, while the USD already holds a significant advantage.
Binance founder CZ retweeted a CoinDesk report, commenting that more countries will realize in the future that issuing local stablecoins can increase demand for their national currencies and government bonds, an area where the US dollar currently holds a significant advantage. The CoinDesk report noted that HSBC's HKD stablecoin, RedCoin, reached 50,000 users and 87.75 million HKD in circulation within its first week of launch, with plans to expand its services beyond PayMe to tokenized investment products.
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