According to reports, USDC stablecoin issuer Circle plans to expand its business presence in Hong Kong. Circle co-founder and CEO Jeremy Allaire stated that Hong Kong is an important market for USDC, and the company intends to hire more employees and establish a business network in Hong Kong. He revealed that Circle is closely monitoring the new stablecoin legislation being drafted in Hong Kong, and will decide whether to apply for a license after the government submits the relevant system to the Legislative Council by the end of the year. Allaire hopes that the Hong Kong Monetary Authority (HKMA) will provide a clear regulatory framework for stablecoin issuers to facilitate compliant business expansion.