CITIC Securities: The development of cryptocurrencies and Hong Kong stablecoins will promote the internationalization of the Renminbi and cross-border payments

According to Foresight News, CITIC Securities released a report stating that the global stablecoin policy and industry continue to make efforts, and the industry ecosystem continues to prosper. The development of cryptocurrencies and stablecoins in Hong Kong will greatly promote the internationalization of the renminbi and cross-border payments. It is recommended to pay attention to cross-border payment related targets. According to incomplete statistics, in the past week alone (June 15-21), at least 16 securities companies published more than 24 research papers on the comprehensive study of stable currency, covering macro, computer, media Internet, finance, blockchain and other industries. Some securities firms have launched special topics and in-depth research on stablecoins, such as Guojin Securities, Zhongtai Securities, Dongwu Securities, Tianfeng Securities, etc. Multiple research teams from CITIC Securities, including macro, overseas, banking, and non banking, have conducted in-depth research from various industry perspectives. Since June, multiple stablecoin concept stocks have been subject to institutional research.