# Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
” Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin “ The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies…