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布局

Beijing Business Today: The People's Bank of China defines stablecoins for the first time, industry analysis suggests it will not affect Hong Kong's stablecoin-related布局

Beijing Business Today published an article titled "Speculative Trading on the Rise, People's Bank of China Strikes Again at Virtual Currencies and Defines Stablecoins for the First Time," which points out: The People's Bank of China recently held a coordination meeting to combat speculative trading in virtual currencies, where financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual currency that currently cannot effectively meet requirements for customer identity verification, anti-money laundering, and other aspects. There is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers, and it reiterated the need to continue combating illegal financial activities related to virtual currencies.However, industry insiders believe that this meeting will not affect the relevant layout of stablecoins in Hong Kong, but speculation on stablecoins in the mainland will be severely cracked down on. As a result, the subsequent layout of stablecoins by relevant entities within the mainland in Hong Kong will have its imaginative space significantly reduced, more limited to practical application scenarios such as cross-border payments and supply chain finance.

Hongqiao Group布局 RWA, partnering with Dongfang Yilin to build a "forestry + finance + blockchain" ecosystem

ChainCatcher news, according to Zhitong Finance, Hongqiao Group (08137) announced that after the market closed on August 8, the company entered into a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. Dongfang Yilin is a comprehensive operator of timber asset digitization registered in China.According to the memorandum, the main cooperation content between the two parties is as follows: both parties will use Hainan Huanghuali standing timber as the underlying asset to jointly explore the financialization path of precious timber assets, promote the industrialization of ecological resources, the capitalization of ecological industries, the productization of ecological capital, and the marketization of ecological products. They plan to construct a "precious timber industry resources + finance + blockchain" green economic closed loop, in line with the latest trends in RWA, stablecoins, and compliant digital currency issuance.The announcement stated that the group focuses on a business model in the resource sector and is committed to finding investment opportunities with resilience and stability. Hainan Huanghuali is the top among the world's five famous woods, possessing scarcity, growth potential, and high-value attributes. The proposed cooperation aligns with the group's exploration of potential business development models and strategic deployment requirements.

Report: Over 90% of financial institutions are布局 stablecoins, banks focus on accelerating cross-border payments and settlements

ChainCatcher news, according to a report by Cointelegraph, the survey report released by the digital asset platform Fireblocks on May 15 shows that among 295 traditional banks, financial institutions, and payment gateways, 90% of the institutions have either actually applied or plan to deploy stablecoins, with only 10% taking a wait-and-see attitude. Among them, 49% of respondents have used it for payment scenarios, 23% are in the pilot stage, and 18% are in the planning phase.Traditional banks view stablecoins as strategic tools for cross-border payments, with 58% of banks using them for cross-border remittances and 28% for receiving payments. Additionally, 12% of banks use them for liquidity management, and 9% for merchant settlements and B2B invoice processing. The report points out that stablecoins, with their characteristics linked to fiat currencies, can be seamlessly integrated into existing fund management systems, helping banks reduce capital lock-up risks and fend off competition from fintech companies.In terms of application advantages, 48% of institutions list "improved settlement speed" as the primary benefit, followed by enhanced transparency (37%), optimized liquidity management (29%), integrated payment processes (25%), and improved security (18%). Only 12% of institutions believe that "reduced transaction costs" is the main driving force.Fireblocks emphasizes that stablecoins are becoming a key pathway for the modernization transformation of the traditional financial system. As customer demand grows and use cases mature, institutions need to accelerate their layout to avoid technological obsolescence, especially in the field of cross-border payments by rebuilding efficiency barriers through stablecoins.
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