Hong Kong's contributions to the cryptocurrency field and predictions for Conflux Network
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Overview of Hong Kong's potential in the Web3.0 field
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Hong Kong, a global financial hub, is likely to become a national testing center for Web3.0-related initiatives. With the characteristics of a metropolitan area with financial expansion and capital mobility, it provides an ideal environment for the development of innovative cryptocurrency projects. The city's open and flexible policies allow blockchain developers to freely experiment with distributed technology-based solutions, thereby fostering creativity and practical applications in the global market.
Conflux Network's cryptocurrency development strategy
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Long Fan, founder of Conflux Network, emphasizes Hong Kong's role as a key center for blockchain projects, especially in promoting initiatives for offshore stablecoin issuance. This focuses on developing stablecoins based on the renminbi (RMB) to meet the real demands of both domestic and international markets. The delay in the development of RMB stablecoins compared to USD stablecoins reflects challenges but also opens great opportunities.
The potential of RMB stablecoins in international transactions
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Although the development speed of RMB stablecoins is slower than that of USD, the large trading volume between China and the Belt and Road Initiative shows a clear demand for cryptocurrency tools in cross-border payments. These stablecoins not only enhance liquidity but also promote access for businesses and individual users, expanding the use of the renminbi in global transactions.
The future of stablecoins in the cryptocurrency market
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The issuance and expansion of stablecoins in the Vietnamese and global markets will create new opportunities for investors and businesses. Blockchain projects, especially public platforms like Conflux, will play a central role in building new financial infrastructure based on distributed technology. The ability to combine open policies, advanced technology, and market demand is the key to advancing RMB stablecoins further, contributing to the development of an expanded and sustainable cryptocurrency ecosystem.
Source: https://tintucbitcoin.com/long-fan-conflux-de-xuat-phat-hanh-stablecoin-offshore/
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