Hong Kong's stablecoin market may soon see stablecoins linked to real-world assets like real estate, according to a Bloomberg Industry Research report. Analysts highlight that stablecoins pegged to the Hong Kong dollar are influenced by the Hong Kong dollar-US dollar peg, necessitating potential revaluation of supporting assets during peg adjustments. The report suggests that linking stablecoins to tangible assets could enhance their stability and drive adoption. The requirement for stablecoin issuers to hold equivalent legal tender means that large, tokenizable reserves of high-quality assets could facilitate the growth of Hong Kong's stablecoin market. This development could also unlock liquidity in Hong Kong's real-world assets, providing a new medium of exchange and potentially boosting the local economy.