HBAR News – On July 13, 2025, Hong Kong’s Stablecoin Ordinance facilitated $100 million in HKD-pegged stablecoin issuance on Hedera’s network, reinforcing its role as a digital currency hub.
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| Hong Kong’s Stablecoin Ordinance Integrates Hedera for $100 Million HKD-Pegged Issuance |
The ordinance, enacted in May, requires 1:1 reserves and KYC/AML compliance, aligning with the EU’s MiCA framework.
Hedera’s hashgraph, backed by Google and IBM, processes high-volume stablecoin transactions at sub-cent costs, contributing to its $500 million Q2 volume.
The issuance targets cross-border trade in Asia, where Hong Kong’s financial hub status drives demand.
Stablecoins cut transaction costs from 6.6% to under 0.1%, per the Atlantic Council, competing with USDT and USDC, which dominate the $255 billion market.
Hedera’s integration follows its role in Project Acacia, boosting HBAR 15% to $0.2052, with trading volume at $373 million.
Challenges include competition from Singapore’s SGD-pegged stablecoin and China’s yuan-pegged pilot.
Hedera’s scalability gives it an edge, but global regulatory fragmentation, with the U.S.’s GENIUS Act delayed, poses risks.
Analysts predict HBAR could hit $0.30 if issuance grows. Hong Kong’s adoption strengthens Hedera’s stablecoin infrastructure, but scaling globally requires navigating regulatory complexities.
