Morgan Stanley: Hong Kong's stablecoin legislation paves the way for offshore Renminbi stablecoins.

[BitPush] Morgan Stanley’s latest research report points out that the Hong Kong stablecoin bill essentially lays the first legal path for offshore RMB stablecoins. Supported by the substantial offshore liquidity pool of approximately 1 trillion RMB in Hong Kong, offshore RMB stablecoins will validate real-world use cases for cross-border settlement. The development of RMB stablecoins should be seen as a potential component of the cross-border RMB settlement infrastructure, which includes RMB swap agreements, CIPS (Cross-border Interbank Payment System for RMB), and the global RMB clearing service network.

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GateUser-c2564bb9vip
· 2025-06-21 04:13
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