Summary
- CITIC Securities recently analyzed that the legislation of stablecoins could have a positive impact on the growth of RWA and virtual asset payment systems.
- The report stated that stablecoins can enhance market liquidity for RWA token asset transactions and promote the execution of Hong Kong RWA projects by mainland Chinese companies.
- It was also conveyed that stablecoin bills will indirectly facilitate the construction of digital currency payment interfaces in Hong Kong's financial sector, which could be favorable for related financial IT firms.
Recently, as legislation on stablecoins (virtual assets pegged to fiat currencies) is underway globally, analysis suggests that such legislation could foster the growth of real-world assets (RWA) and virtual asset payment systems.
According to BlockBeats on the 3rd (local time), CITIC Securities stated, "Recently, both Hong Kong and the United States are actively pushing for various stablecoin-related legislative bills," adding, "As a result, the RWA market and virtual asset payment systems can be rapidly established."
The report explained, "Stablecoins provide a stable trading method for RWA token assets and can enhance market liquidity," and that "this will help facilitate further implementation of Hong Kong RWA issuance projects by mainland Chinese enterprises."
The report further stated, "Stablecoin bills will indirectly promote the establishment of digital currency-related payment and settlement interfaces in Hong Kong's financial industry," and added that "financial IT firms with experience in cross-border digital currency payments and supply chain finance projects are likely to benefit."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
