Song Ke, Executive Vice President of the Shenzhen Research Institute of Renmin University of China: Hong Kong dollar stablecoin provides more possibilities for the cross-border application of digital

After the implementation of the Stablecoin Ordinance, relevant institutions will be able to quickly transform the pilot experience accumulated in the early stages into actual products, accelerating the formation of a stablecoin ecosystem in Hong Kong, China. In addition, by promoting the digital RMB and the Hong Kong dollar stablecoin, reliance on the US dollar clearing and settlement system can be gradually reduced.