According to Hong Kong’s Financial Secretary Paul Chan, international bodies are recognizing blockchain’s expanding real-world uses and the growing importance of stablecoins in cross-border finance.
Hong Kong Financial Secretary Paul Chan reiterated during the IMF and World Bank Group annual meetings that digital assets are playing a larger role in global finance, with blockchain technology proving increasingly practical. He highlighted stablecoins’ potential to improve regional trade and streamline cross-border settlements but stressed the importance of global cooperation and prudent risk controls to maintain financial stability.