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China National Petroleum Corporation, one of the world's largest energy companies, disclosed at its half-year results conference that the company is closely following the latest developments of the Hong Kong Monetary Authority regarding stablecoin issuer licenses, and will initiate a feasibility study on conducting cross-border settlement and payment through stablecoins. https://t.co/f2saYKdaif ...

China National Petroleum Corporation, one of the world's largest energy companies, disclosed at its half-year results conference that the company is closely following the latest developments of the Hong Kong Monetary Authority regarding stablecoin issuer licenses, and will initiate a feasibility study on conducting cross-border settlement and payment through stablecoins. ...

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Stablecoin Infrastructure - Payment giants like Tether, Circle, and Stripe are independently developing Layer-1 (L1) blockchains for stablecoin rails [1] - The simultaneous development suggests a coordinated or strategically aligned industry trend [1] Industry Implications - The trend indicates a significant shift towards dedicated blockchain infrastructure for stablecoin payments [1] - The industry questions whether this parallel development is coincidental [1]