It seems that the Hong Kong Monetary Authority meets GENIUSAct's requirements for stablecoin issuers, except for not being registered in the United States. So the Hong Kong dollar is actually a stablecoin of the US dollar. That Hong Kong dollar stablecoin is the stablecoin of the US dollar stablecoin 😅😅😅 Currently, 99.79% of stablecoins in the market are in US dollars, and even the euro cannot break through the situation. Shouldn't there be a high demand for Hong Kong dollar stablecoins? Should Hong Kong take a bigger step and issue RMB stablecoins directly? Anyway, offshore Renminbi is also under the management of the Hong Kong Monetary Authority 🌝🌝