Hong Kong Calls for Stablecoin Risk Management at IMF Meetings

Key Points:* Paul Chan Mo-po advocates for stablecoin risk management during IMF meetings.

• Hong Kong seeks collaboration on digital asset impacts.
• Stablecoins seen as having significant development potential. Hong Kong’s Financial Secretary Paul Chan Mo-po highlighted the expanding impact of digital assets during the 2025 IMF and World Bank Group meetings in Washington.

Increased international cooperation is urged to manage digital asset risks, emphasizing stablecoins’ potential applications in trade and cross-border settlements amid ongoing capital inflows into Hong Kong.

Hong Kong’s Push for Stablecoin Regulation Gains Momentum

During the annual IMF and World Bank Group meetings, Paul Chan Mo-po urged for greater global collaboration in navigating the challenges and opportunities posed by digital assets like stablecoins. Chan highlighted the relevance of blockchain technologies in improving regional trade efficiency and tackling cross-border settlement issues. His comments underscore the demand for prudent measures to safeguard financial system stability.

The advocacy for enhanced regulatory frameworks and international coordination in addressing stablecoin risks appears to align with Hong Kong’s regulatory stance. By balancing innovation with prudent risk management, Chan’s remarks continue Hong Kong’s approach to digital assets. The emphasis on stablecoins shows the ongoing focus on preventing potential market disruptions without stifling technological progress.

“Related blockchain technologies have numerous real-world applications, particularly in promoting intra-regional trade, as well as addressing cross-border settlement efficiency and pain points. Digital assets, such as stablecoins, hold considerable potential for development. However, there is also a consensus that greater international collaboration is needed to prudently manage the risks they pose to financial system stability.” – Paul Chan Mo-po, Financial Secretary, Hong Kong

Stablecoin Market Faces Regulatory and Trade Integration Challenges

Did you know? Stablecoins were only acknowledged in global financial meetings after demonstrating their capability in enhancing cross-border transactions, marking a significant shift in perspectives about their stability potential.

Tether USDt’s (USDT) recent data indicates a hovering price of $1.00, with a circulating supply nearing 181,896,000,000 USDT. CoinMarketCap notes a substantial 24-hour trading volume decrease by -40.43% to $89,511,110,401. The token’s market cap stands at 181,900,000,000, reflecting a stable market presence despite slight percentage declines over recent months.

Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 10:55 UTC on October 19, 2025. Source: CoinMarketCap Coincu’s research team anticipates further analysis into blockchain’s role in cross-border settlements and stablecoin integration within financial systems. The regulatory focus might bolster global economic resilience while managing associated digitally-driven risks.