CITIC Securities: Progress on stablecoin legislation, corporate RWA issuance and the financial industry are expected to benefit

ChainCatcher news, according to Jinshi reports, Citic Securities research report indicates that recently, both Hong Kong and the United States have been advancing the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of RWA issuance projects by mainland enterprises in Hong Kong. At the same time, the stablecoin bill is expected to indirectly boost the construction of payment and settlement interfaces related to digital currencies in Hong Kong's financial industry. Financial IT companies with experience in cross-border settlement of digital currencies/digital yuan and supply chain finance projects are expected to benefit.