PetroChina: Closely monitor Hong Kong stablecoins and will initiate a feasibility study on cross-border settlement

ChainCatcher news, PetroChina (00857.HK) revealed at its semi-annual performance meeting that it is closely monitoring the Hong Kong Monetary Authority's stablecoin license policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payment.

As one of China's largest state-owned energy enterprises, PetroChina has become one of the first traditional energy giants to publicly respond to Hong Kong's "Stablecoin Ordinance."