CITIC Securities: The advancement of the stablecoin bill will help promote the further implementation of RWA issuance projects by mainland enterprises in Hong Kong
06-03 00:52

Odaily News CITIC Securities Research Report stated that Hong Kong and the United States have recently promoted the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable currency value trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of RWA issuance projects by mainland companies in Hong Kong; at the same time, the stablecoin bill is expected to indirectly promote the construction of digital currency-related payment and settlement interfaces in the Hong Kong financial industry, and financial IT companies with experience in digital currency/digital RMB cross-border settlement and supply chain financial projects are expected to benefit. (Jinshi)

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