🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Morgan Stanley: Hong Kong's stablecoin legislation paves the way for offshore Renminbi stablecoins.
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.