ChainCatcher News reports that according to Hong Kong Wen Wei Po, Hong Kong University Vice President Wang Yang wrote that in Hong Kong’s digital asset market, Digital Renminbi has been tentatively involved in settlement. In addition to traditional settlement methods, the primary issuance of Hong Kong dollar and Renminbi bonds is also among the first in the world to apply Digital Renminbi and Digital Hong Kong Dollar in the settlement process.
Furthermore, Hong Kong will be the best market for accepting Mainland China assets RWA. As regulatory coordination and market development progress, there will be greater opportunities for issuing digital assets in Hong Kong with a larger scale of Renminbi assets, and the settlement currency will naturally be Digital Renminbi. From a developmental perspective, stablecoins will become an important usage habit for overseas market users. In the process of Renminbi internationalization, offshore Renminbi stablecoins are one of the future options, and Digital Renminbi deposits and liquidity assets provide the necessary reserve assets for offshore Renminbi stablecoins.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot silver plunges 8% intraday
Odaily Planet Daily reports that Gate market data shows that spot silver plummeted 8% intraday, breaking below $82 per ounce.
GateNews19m ago
WTI crude oil surges 7% intraday, surpassing $76 per barrel
ChainCatcher reports that, according to Gate market data, WTI crude oil surged 7% intraday, surpassing $76 per barrel. Brent crude oil increased 5.7% intraday, currently trading at $82.14 per barrel.
GateNews35m ago
Northern Trust Enters Tokenized Treasury Market With BNY
Northern Trust Asset Management (NTAM) has taken a fresh step into blockchain finance. On March 2, the firm launched a tokenized share class of its NIF Treasury Instruments Portfolio. The move brings one of traditional finance’s biggest players into the fast-growing tokenized assets space. NTAM
Coinfomania40m ago
Wintermute: Despite a brief rebound on Monday, the market remains fragile. Caution is advised.
Wintermute stated that Iran's geopolitical conflicts are causing volatility in risk assets, leaving the cryptocurrency market fragile. After a brief rebound, it remains under pressure. Despite ETF inflows, institutional participation is noticeably insufficient, and the bear market trend for altcoins continues. Investors are advised to remain cautious and monitor the developments of the conflict and their impact on energy costs and interest rate expectations.
GateNews44m ago
Traditional Finance Alert: VIX Rises Over 9%
Gate News bot message: According to the latest Gate TradFi data, VIX has risen by 9% in the short term, and the current volatility is significantly higher than the recent average level, indicating increased market activity.
GateNews1h ago
Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment
Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge.
Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in
CryptoNewsFlash1h ago
