Hong Kong is really going to launch a stablecoin pegged to the RMB! The coffin board of dollar hegemony is likely to be nailed down by Xu Zhengyu himself this time!
I slammed the table when I saw the news this morning! Director Xu personally said, 'Stablecoins can be pegged to the RMB, how is this a policy? This is clearly giving our crypto space an airdrop of a nuclear-level money printing license!'
Last year, my brother didn't believe in evil and insisted on investing 100,000 USDT in a Myanmar-based unstable RMB stablecoin. As a result, the project team ran off with the money to open a casino in Laos... Now that Director Xu's new regulations are out, compliant stablecoins must be backed by 25 million HKD in real money + 100% reserves! Scammers are out of a job, and the retail investors can finally sleep soundly!
USDT is in a panic: from now on, Hong Kong will only recognize 'licensed stablecoins'. If Tether doesn't publicly audit its reserves, major institutions will withdraw their investments in no time!
Chinese institutions are entering the market: imagine JD issuing 'JDRMB', Tencent issuing 'QQ Coin Pro Edition', cross-border trade fees plummeting from 5% to 0.5%, the money saved by bosses is enough to buy a fleet of Lamborghinis!
Major reshuffle of exchanges: do big exchanges dare to operate without a Hong Kong license? Directly ban CNY trading pairs! Lying down and winning becomes the biggest milk provider!
Right now! Exchange all those shady stablecoins in your wallet for the Hong Kong licensed ones! Once the RMB stablecoin license is issued, the first batch to take the plunge will at least double!
But don't rush to go all-in! Keep an eye on this critical line: BTC stabilizing at 110,000 USDT + Bank of China Hong Kong announcing currency issuance = signal to charge in! If the policy suddenly retreats... you need to run faster than Hong Kong reporters!
