According to Amy Zhang, Head of Asia at Fireblocks, Asian banks are increasingly using stablecoins like USDT and USDC to mitigate deposit outflows and lost transaction revenue. Zhang stated that banks in Korea, Japan, and Hong Kong are exploring local-currency stablecoins, with a Korean consortium planning a won-pegged stablecoin by 2026. Fireblocks reported stablecoins account for 50% of its $3 trillion digital asset transaction volume, while Visa Analytics data shows 30% higher weekend volumes, highlighting retail and gig economy adoption. USDT dominates in emerging Asian markets due to liquidity, whereas USDC gains traction in regulated hubs like Singapore and Hong Kong.

According to @justinsuntron, HTX is collaborating with Fireblocks to offer a more secure trading environment and an improved user experience. This partnership is part of HTX's commitment to becoming the leading global one-stop trading platform, aiming to earn the trust of millions worldwide.