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.
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