Citi: The Hong Kong stablecoin market size could reach $16 billion and has room to grow

MarsBitNews · 2026-03-17T07:28:19+00:00

Citigroup's report indicates that by drawing on the experience of mainland payment institutions, Hong Kong's stablecoin market is expected to reach $16 billion, benefiting from currency growth and overseas demand. Meanwhile, the Hong Kong Monetary Authority is set to announce stablecoin issuance licenses.

MarsBitNews

2026-03-17 07:28:19

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Mars Finance reports that according to Hong Kong media outlet Sing Pao, Citibank’s analysis indicates that, by referencing the experience of mainland Chinese payment institutions, the user balances within mainland payment institutions account for approximately 20% of China’s circulating cash, about 2.5% of demand deposits and savings deposits, and roughly 0.8% of total deposits. The stablecoin market size in Hong Kong is expected to reach $16 billion (approximately HKD 124.8 billion), with a fluctuation of ±$8 billion. If the total money supply continues to grow, combined with increased demand from overseas users for Hong Kong stablecoins or a surge in on-chain activity, this scale could further expand, benefiting issuers, trading platforms, and payment companies. Previously, it was reported that the Hong Kong Monetary Authority may announce the first batch of stablecoin issuance licenses this month.

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