Open DialogueGary Liu and Liu Xiaochun on what role stablecoins could play in China and the US
As investors await Hong Kong’s first stablecoin licences, two experts discuss the assets’ integration with the city’s economy – and the world’s
In this edition, we invited a prominent industry player and economist to reflect on the role of stablecoins, cryptocurrencies pegged to fiat currencies or other assets. They discuss the differing approaches of China and the United States, as well as Hong Kong’s role in China’s strategy, as the city is expected to issue its first batch of stablecoin licences.
Gary Liu is the co-founder and CEO of Terminal 3, an advanced cryptography company with a focus on data privacy and security. Liu is a former CEO of the South China Morning Post and the chair of Web3 Harbour, an industry association promoting the decentralised internet and digital asset economy across Asia.
Liu Xiaochun is an adjunct professor at the Shanghai Advanced Institute of Finance (SAIF) of Shanghai Jiao Tong University. He is also vice-president of the university’s China Academy of Financial Research and vice-president of the Shanghai Finance Institute.