[24] Moreover, the right to redeem at par price to your Formal currency of denomination is just not usually ensured, indicating redemptions are depending on reserve valuation or have to be manufactured in-variety.[twenty five] In some cases, holders of stablecoins also encounter restrictions or large minimum amount thresholds for redemptions. This

from the proposal, the FSTB and HKMA reference comments from consultation individuals, market place developments, and Intercontinental dialogue on stablecoins in its decision to "choose ahead the legislative proposal to carry out a regulatory regime for issuers of fiat-referenced stablecoin (FRS) in Hong Kong." To working experience the performanc