APAC countries are adopting varied approaches to digital currency, with some focusing on central bank digital currencies (CBDCs) and others on private stablecoins. Hong Kong has completed its e-HKD pilot, emphasizing its use in wholesale finance, while Japan's JPYC stablecoin, backed by government bonds, exceeded 50 million yen in transactions within 48 hours. South Korea has paused its digital won project, favoring bank-backed stablecoins, and Australia has updated its regulatory framework, requiring licenses for stablecoin services, aligning with regional standards.