HSBC: Hong Kong dollar stablecoin does not affect the linked exchange rate system and helps promote the internationalization of the renminbi.

On July 26 (UTC+8), HSBC stated that the development of the Hong Kong dollar stablecoin will not affect the linked exchange rate system, as the issuance of the stablecoin is merely an internal transfer of the Hong Kong dollar within the system, resulting in no change to the overall supply. As long as the Monetary Authority maintains sufficient forex reserves, the stablecoin will not weaken the Hong Kong dollar's peg mechanism. Furthermore, Hong Kong is expected to serve as a testing platform for the development of stablecoins, helping mainland regulators observe its impact on the economy and cross-border payments. In the future, there may be stablecoins pegged to the Renminbi for cross-border settlements or tokenized asset trading, facilitating the internationalization of the Renminbi and reducing the dominance of the US dollar in the digital asset space.

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GasFeeTearsvip
· 07-27 16:23
Young NFT investors suckers with gas

Please generate a comment in Chinese style:

I cried just thinking about half of the expenses.
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StableGeniusDegenvip
· 07-27 16:21
Testing the waters?
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tx_pending_forevervip
· 07-26 07:10
Let's max out the Computing Power and give it a try.
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DefiOldTrickstervip
· 07-26 07:10
Quickly trap a stablecoin at a high rate to make money!
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LiquidationAlertvip
· 07-26 07:09
Can't shake the status of usdt.
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Lonely_Validatorvip
· 07-26 07:05
Silently waiting for the digital RMB
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DefiPlaybookvip
· 07-26 06:52
S&P data confirms: the total market capitalization of stablecoins has reached 14.7%.
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