Crypto friends! Hold on tight, let me tell you how explosive Hong Kong's RMB stablecoin development is—this could be the beginning of Eastern crypto power flipping the table!
I ponder Director Xu's words, the core is three words: fight the dollar! The stablecoin market is dominated by USDT and USDC, and the new Hong Kong regulations (effective August 1) directly open the green light, allowing RMB to be used as 'deposit' for compliant stablecoins! Just imagine: major players like Bank of China Hong Kong and ICBC, backed by the Hong Kong Monetary Authority license, issuing 'digital CNH', we can use this to pay our Southeast Asian brothers, instant credit + nearly zero fees, much better than SWIFT's slow speed and high fees! This is like giving a boost to the 'Belt and Road Initiative' and Greater Bay Area enterprises!
But don't get too excited too early, the biggest risk is the central bank's attitude! If the RMB stablecoin doesn't work out, it could turn into a highway for capital outflow. Can the central bank tolerate that? I estimate there will be strict controls initially, allowing banks and large institutions to play wholesale first, what about retail investors? Just wait!
What impact does this have on our crypto circle? Listen carefully:
Compliance is king! Those who have obtained Hong Kong licenses will take off! They can directly list RMB trading pairs! Some security? Either cut off Hong Kong users or obediently get certified!
The wild route stablecoin is going to crash! New regulations require a deposit of 25 million HKD + 100% reserve isolation + redeemable at any time, small projects will go bankrupt, and USDT will also tremble.
RWA is the next gold mine! Imagine RMB stablecoins buying Hong Kong's on-chain green bonds? Institutions are crazy about the cake diagram:
Chinese-funded banks: Their own child, ample RMB, but the technology might lag.
Hong Kong tycoons + JD/Aliant: Tech strong, aiming to snatch the cross-border payment market.
Crypto banks like ZA Bank: Want to become a stablecoin exchange hub, but low user base and high costs.
PwC, Ant Chain: Hiding behind to collect service fees like water vendors, making a steady profit!
There might be short-term fluctuations, but in the medium to long term, it's definitely a bombshell benefit! Asian billions of new funds are waiting to enter! But remember, the biggest black swan is if the central bank slaps it down.
Want to preemptively invest in stocks related to licensing concepts? Or wait until the RMB stablecoin is launched to bottom fish for the undervalued RWA leaders? Follow Long Wang's personal page for in-depth market analysis + cutting-edge information, and our professional team will guide you on the path to doubling your investment.
