Stablecoin is seen as a key factor to enhance efficiency and reduce costs of cross-border payments in the short term.
In the long term, stablecoin will drive digital asset transactions, real-world assets on-chain (RWA), and the issuance of tokenized securities (STO), thereby greatly facilitating the digitization of traditional assets on the blockchain platform.
MAIN CONTENT
Stablecoin improves performance and reduces costs of cross-border payments.
The long-term application of stablecoin in digital asset transactions and STO.
Major securities companies in China are intensifying investment and application of stablecoin.
What role does stablecoin play in cross-border payments?
A financial expert from Minsheng Securities stated: stablecoin is the key to enhancing the speed of international payment processing and significantly reducing transaction costs.
Results from multiple recent analyses indicate that stablecoin helps mitigate price volatility risks in payments, while also increasing liquidity and enabling faster transaction processing compared to traditional methods. As a result, financial technologies related to cross-border payments are benefiting and attracting investment.
"Stablecoin is not just a payment tool, but also opens up revolutionary opportunities for the global financial ecosystem."
Mr. Zhang Wei, Director of Research at Minsheng Securities, 2024
What is the impact of stablecoin on digital asset transactions and the issuance of tokenized securities?
According to in-depth reports, stablecoin is expected to serve as the foundation for digital asset transactions, management of real-world assets on-chain, and support for tokenized securities issuance (STO).
The tokenization of traditional assets supported by stablecoin will enhance transparency and traceability while expanding investment scope into the digital market. RWA on blockchain will attract the attention of large investors, creating conditions for DeFi to thrive.
What have Chinese securities companies done to proactively apply stablecoin?
Many leading securities companies in China have actively expanded services related to stablecoin and digital asset transactions.
For example, Guotai Junan International has upgraded its digital asset trading license, while GF Securities (Hong Kong) has fully integrated with HashKey Chain, the leading tokenized asset issuance network. They also launched the first tokenized security named "GF Token" that can be redeemed daily. These advancements show a strong shift of traditional financial institutions towards a digital model based on stablecoin.
"The adoption of stablecoin in the issuance and trading of assets will set a new standard for the future financial market."
Ms. Li Ming, CEO of GF Securities (Hong Kong), early 2024
What specific benefits do securities businesses gain from stablecoin?
Leading companies in the securities and exchange sector will have the opportunity to enhance trading performance, expand new services, and attract diverse investors through stablecoin.
Stablecoin helps reduce operational costs, increase stability in digital asset transactions, and facilitate the deployment of new derivative products. These goals are expected to boost revenue and enhance competitive capability in the global market.
Frequently Asked Questions
What is stablecoin and why is it important?
Stablecoin is a type of cryptocurrency pegged to a fixed value with real assets like USD, helping to reduce price volatility and increase payment efficiency.
How does stablecoin impact international payments?
Stablecoin facilitates international payments faster, at lower costs, and reduces exchange rate volatility risks compared to traditional methods.
How do securities companies use stablecoin?
Companies are upgrading digital asset trading licenses, issuing tokenized securities, and leveraging blockchain networks to optimize trading operations.
How does stablecoin affect asset transactions?
Stablecoin supports digital asset transactions and the issuance of tokenized securities, helping to increase efficiency and transparency in the market.
What are the challenges when applying stablecoin?
Legal standardization and the development of the blockchain ecosystem are challenges that need to be overcome for stablecoin to fully realize its potential.
Source: https://tintucbitcoin.com/stablecoin-ho-tro-giao-dich-on-chain-minsheng/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
