Night Economy Meets Stablecoins: Wu Jiezhuang's Innovative Incentive Plan
Hong Kong legislator Wu Jiezhuang has recently proposed an innovative economic stimulus plan. He suggests launching a "Nighttime Electronic Voucher" program coinciding with the issuance of the first stablecoin issuer licenses. The initiative aims to boost the night economy and encourage wider adoption of stablecoins through digital wallets.
Not a Universal Handout, No Government Funding
Wu emphasized that this plan does not involve universal cash distribution or government subsidies. Instead, the operational costs will be covered by licensed stablecoin issuers, easing public financial pressure while offering private institutions valuable experience.
Encouraging Tech-Driven Consumption
The proposal integrates digital payments with stablecoin technology, aiming to introduce the public to new forms of digital currency through daily transactions. By focusing on peak night-time spending hours, the program could boost traditional sectors like dining and entertainment while increasing stablecoin awareness.
- Leveraging the first wave of stablecoin licenses
- Driving night economy activity
- Reducing public financial burden
- Raising stablecoin adoption rates