Stablecoins Surge: CBDCs Take a Back Seat 😎

In what may be due to inspiration or sheer alacrity, once trumpeted as the sovereign messiahs for tomorrow, central bank digital currencies perch precariously in the twilight, swayed by the magnetism of tokenized deposits and HKD-backed stablecoins at the recent Hong Kong FinTech Week soirée. 🍸




