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

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On June 21, 【Block Rhythm】 reported that Morgan Stanley's latest research indicated that the Hong Kong stablecoin legislation essentially lays the first legal path for offshore RMB stablecoins. Supported by approximately 1 trillion RMB in deep offshore liquidity pools in Hong Kong, offshore RMB stablecoins will validate practical use cases for cross-border settlement while avoiding violations of mainland capital controls or impacting onshore financial stability. 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) and the global RMB clearing service network.

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ResearchChadButBrokevip
· 06-23 18:38
Another financial giant is bullish!
Reply0
AirdropATMvip
· 06-23 13:39
Again rolled, North Korea is learning.
Reply0
TrustMeBrovip
· 06-21 03:44
You are bullish again, right?
Reply0
WalletDivorcervip
· 06-21 03:40
The Hong Kong dollar stablecoin license is coming~
Reply0
TheShibaWhisperervip
· 06-21 03:25
Why does it feel like it's not useful at all?
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