Hong Kong Pioneers Digital Yuan in Asset Settlement
Wang Yang, Vice President of the University of Hong Kong, announced that the city has begun experimenting with the digital yuan in its digital asset market settlement processes. According to NS3.AI, Hong Kong is also leading the issuance of digital bonds settled with both the digital yuan and the digital Hong Kong dollar. This initiative positions Hong Kong as a key player in mainland China's real-world asset markets and suggests the potential rise of offshore renminbi stablecoins supported by digital yuan reserves.
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