CITIC Securities: Stablecoin Benefits RWA, Focuses on Digital Currency Settlement Progress

Blockbeats

06-03

BlockBeats News, June 3rd, a CITIC Securities research report stated that recently Hong Kong and the United States have both advanced to varying degrees in the legislative process of stablecoin-related bills. Stablecoins can provide a stable value transaction method for RWA tokenized assets, enhance market liquidity, and help promote Mainland Chinese companies' RWA issuance projects in Hong Kong. At the same time, the stablecoin bills are expected to indirectly promote the development of digital currency-related payment and settlement interfaces in the Hong Kong financial industry. Financial IT companies with experience in digital currency/digital RMB cross-border settlement and supply chain finance projects are expected to benefit. (FX168)

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