为什么说香港是中国“稳定币”发行的最佳场所

Core Viewpoint - The article discusses the rise of stablecoins and their significance in the global financial landscape, particularly highlighting Hong Kong's unique advantages in this development [2][28]. Group 1: Definition and Characteristics of Stablecoins - Stablecoins aim to achieve value stability by pegging to low-volatility assets such as the US dollar or gold [5]. - Unlike traditional cryptocurrencies, stablecoins are more suitable for daily payments, savings, and cross-border settlements due to their reduced volatility [6]. - Stablecoins serve as intermediaries that combine the stability of fiat currencies with the efficiency of blockchain technology, making them key elements of future digital financial infrastructure [8][9]. Group 2: Global Context and Strategic Implications - The development of US dollar stablecoins is part of a broader strategy to attract global users into a dollar-based digital asset system, thereby reshaping the global financial order [12][16]. - The US national debt exceeds $35 trillion, and promoting dollar stablecoins allows for the distribution of this debt risk to global users without directly increasing domestic inflation [14][16]. - Stablecoins have become strategic tools in international relations, with the potential to influence global financial dynamics [17]. Group 3: China's Position and Opportunities - As the world's largest goods trading nation, China has a strategic need to optimize cross-border settlement efficiency and costs, which stablecoins can facilitate [19][20]. - Stablecoins can enhance trade settlement flexibility and efficiency without altering national monetary policies, which is crucial for an export-oriented economy like China [23]. Group 4: Hong Kong's Unique Role - Hong Kong is positioned as a key player in the global trend of stablecoin development, benefiting from its status as an international financial center and its existing monetary framework [28][29]. - The issuance of the Hong Kong dollar, which is backed by US dollar reserves, provides a foundational framework akin to a stablecoin, allowing for a seamless transition to digital formats [30][32][33]. - The upcoming enactment of the Stablecoin Regulation in Hong Kong is expected to place it at the forefront of financial regulatory compliance globally, potentially making it a core hub for stablecoin development in Asia [34][35].