CITIC Securities: The advancement of the stablecoin bill will help promote the further implementation of RWA issuance projects by mainland enterprises in Hong Kong

Odaily News CITIC Securities Research Report stated that Hong Kong and the United States have recently promoted the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable currency value trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of RWA issuance projects by mainland companies in Hong Kong; at the same time, the stablecoin bill is expected to indirectly promote the construction of digital currency-related payment and settlement interfaces in the Hong Kong financial industry, and financial IT companies with experience in digital currency/digital RMB cross-border settlement and supply chain financial projects are expected to benefit. (Jinshi)