Circle, the issuer of the USDC stablecoin, has stated it has no current plans to issue a Hong Kong dollar-denominated stablecoin. Chen Qinqi, Circle's Vice President for Asia Pacific, confirmed that professional investors in Hong Kong can continue using USDC without regulatory restrictions. While Circle primarily focuses on its US dollar and euro stablecoins, it remains open to potential collaborations on a Hong Kong dollar stablecoin and has engaged in discussions with various companies regarding this possibility.