Hong Kong stablecoins have been issued to HSBC and Hong Kong Telecom. The RMB stablecoin gateway has opened, and Hong Kong accounts for a large payment volume, calculated in hundreds of billions.


The future trend is changing again; currently, the stablecoins we use are all issued by companies. Whether it’s USDT or USDC, they are backed by companies, not on the same level as government backing.
This time, the redemption time requirement is one trading day, very fast, still requiring sufficient cash.
Exchanges, to make money, have already started listing on the US stock market. In the future, there will definitely be RMB trading pairs, including Hong Kong stocks and A-shares, as long as they earn transaction fees.
The timeline is not necessarily tomorrow; it’s generally calculated annually. Overall, this time the US and Iran have taken down Dubai, and funds are starting to flow back to Hong Kong.
With Chinese protection, it’s definitely more reliable than the US. This time, the US has finished its pull.
BTC-1.26%
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