# Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
” Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper “ The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about its retail central bank digital currency, e-HKD. The HKMA today issued a discussion paper, outlining the policy and design…