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Hong Kong stablecoin issuance builds a de-dollarization Payment Network in cooperation with digital RMB.
[Coin World] Ying Ying, chief analyst of the computer industry at CITIC Construction Investment Securities, stated that Hong Kong's stablecoin and the digital renminbi are not in competition, but rather cooperate to build a "de-dollarization" payment network through "currency bridge + on-chain payment." RWA tokenization is not only about asset financing but will also reshape the global asset pricing rules. With the issuance of the Hong Kong stablecoin license, there will be certain opportunities in the fields of brokerage IT transformation and virtual asset trading.