CICC: Stablecoins Impact the Financial System, Hong Kong Dollar Stablecoin Will Strengthen Hong Kong's Financial Center Status

YieldWhisperer · 2025-06-21T04:34:24+00:00

[BitPush] China International Capital Corporation published an article "The Potential Impact of Stablecoins on the Financial System," which points out: From the perspective of money creation, the lending activities within a decentralized financial system realize the creation function of "quasi-money," especially through stablecoins to purchase tokenized stock assets, which would cause funds to flow directly into/out of the stock market; from the perspective of market sentiment, the price fluctuations of crypto assets significantly affect stock market expectations, and historically, the Nasdaq index and Bitcoin prices have shown a certain correlation; in the stock market, crypto assets and stablecoin-related targets, such as crypto asset exchanges, financial institutions, etc., influence stock prices through changes in fundamentals. For the Hong Kong Dollar, regulating the issuance of stablecoins, especially Hong Kong Dollar stablecoins, helps enhance the influence of the Hong Kong Dollar in cross-border payments, crypto assets, and other fields, strengthening the international competitiveness of the Hong Kong financial industry and the Hong Kong Dollar, and consolidating Hong Kong's status as an international financial center.

YieldWhisperer

2025-06-21 04:34:24

[BitPush] CICC published an article “The Potential Impact of Stablecoins on the Financial System,” which pointed out that: from the perspective of currency creation, lending activities within a decentralized financial system achieve a “quasi-currency” creation function, especially through stablecoins to purchase tokenized stock assets, which will directly cause funds to flow into/out of the stock market; from the perspective of market sentiment, cryptocurrency prices fluctuate significantly, affecting stock market expectations. Historically, the Nasdaq index has shown a certain correlation with Bitcoin prices; in the stock market, crypto assets and stablecoin-related targets, such as crypto asset exchanges and financial institutions, influence stock prices through changes in fundamentals. For the Hong Kong dollar, standardizing stablecoin issuance, particularly the Hong Kong dollar stablecoin, helps enhance the influence of the Hong Kong dollar in cross-border payments, crypto assets, and other fields, strengthening the international competitiveness of Hong Kong’s financial industry and the Hong Kong dollar, and consolidating Hong Kong’s position as an international financial center.

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