X @Wu Blockchain
Wu Blockchainยท2025-07-29 14:10
RMB Stablecoin Development - Hong Kong's stablecoin regulations are paving the way for RMB stablecoins [1] - Companies like Ant and JD are developing RMB stablecoins [1] Strategic Goals - RMB stablecoins aim to boost cross-border use of RMB [1] - The initiative supports RMB internationalization [1] - A key objective is to challenge the dominance of the US dollar [1] Challenges and Prospects - Trust and regulatory hurdles remain significant challenges [1] - RMB stablecoins are expected to gain traction in trade and offshore settlement [1]