Odaily Planet Daily reports that Vice President of the University of Hong Kong, Wang Yang, wrote that in Hong Kong’s digital asset market, Digital Renminbi has tentatively participated in settlement. The primary issuance of Hong Kong dollar and Renminbi bonds, in addition to traditional settlement methods, is also among the first in the world to apply Digital Renminbi and Digital Hong Kong Dollar in settlement procedures. Furthermore, Hong Kong will be the best market to host mainland China’s asset RWA. As regulatory coordination and market development progress, there will be greater opportunities for larger-scale issuance of Renminbi assets as digital assets in Hong Kong, with Digital Renminbi naturally being the preferred settlement currency. From a developmental perspective, stablecoins will become an important usage habit for overseas market users. Offshore Renminbi stablecoins are one of the future options in the internationalization of the Renminbi, and Digital Renminbi deposits and liquidity assets provide the necessary reserve assets for offshore Renminbi stablecoins. (Hong Kong Wen Wei Po)
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
South Korean prosecutors sell stolen and recovered Bitcoin 320.8 coins, cash out $21.5 million, and remit to the national treasury
Gate News: On March 10, the Gwangju District Prosecutor's Office in South Korea sold 320.8 Bitcoins, with the proceeds of 31.6 billion Korean Won (approximately $21.5 million) remitted to the national treasury. The Bitcoins were originally confiscated after a crackdown on an illegal gambling platform, stolen in August 2025 due to a phishing attack on an official, and voluntarily returned by the hacker in February this year. The prosecution then sold the assets in batches over 11 days (from February 24 to March 6). The hacker remains at large, and the investigation is ongoing. (The Block)
GateNews26m ago
CFTC: The US is becoming the global "crypto capital"
Chairman Michael Selig of the U.S. Commodity Futures Trading Commission announced a new regulatory approach to position the U.S. as a global crypto hub. The "Project Crypto Initiative" aims to enhance coordination with the SEC and clarify crypto asset classification while ensuring transparency in digital markets.
TapChiBitcoin39m ago
Robert Kiyosaki’s Warning: Bitcoin, Silver, and Oil Are Your Only Shields Against the Coming Debt Collapse
Robert Kiyosaki warns of an impending market crash, citing unresolved debt from past crises. He advocates for investment in tangible assets like gold, silver, and cryptocurrencies, urging people to prepare for financial instability ahead.
CaptainAltcoin51m ago
European stock markets surged, with the STOXX 50 index rising nearly 3%
Gate News Report, March 10 — European stock markets surged significantly. The European Stoxx 50 Index (European blue-chip index) rose nearly 3%, Italy's FTSE MIB Index (Italy's benchmark stock index) increased nearly 3%, Germany's DAX Index (Germany's benchmark stock index) gained 2.5%, France's CAC 40 Index (France's benchmark stock index) rose over 2%, and the UK's FTSE 100 Index (UK's benchmark stock index) increased nearly 2%.
GateNews1h ago
Institutions Buy $540M in Solana ETFs, Data Shows
Institutional investors, led by Electric Capital Partners and Goldman Sachs, have invested over $540 million in U.S. spot Solana ETFs, highlighting strong interest despite low basis yields, indicating genuine demand for regulated crypto exposure.
TodayqNews1h ago
Spot gold increased by $50 intraday, a rise of 1.00%
Gate News Report, March 10, market data shows that spot gold rose by $50 intraday, a 1.00% increase, currently trading at $5188.33 per ounce.
GateNews1h ago
