Analysis
Significance:
6/10

Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong

https://www.coindesk.com/business/2025/09/23/asia-morning-briefing-capital-controls-doom-asia-s-stablecoin-dreams-except-in-hong-kong

Sam Reynolds, Aoyon Ashraf

Mentions

Organizations

Regions

Code
Name
HK
🇭🇰Hong Kong
KR
🇰🇷South Korea

Sentiments

Target
Sentiment
Comment
🇭🇰
Hong Kong
Bullish
Hong Kong's HKD is highlighted as the only Asian stablecoin capable of circulating globally due to its full convertibility.
🇰🇷
South Korea
Bearish
South Korea's capital controls prevent the won from being used offshore, limiting the potential of a KRW stablecoin.