Odaily Planet Daily reports that Vice President of the University of Hong Kong, Wang Yang, wrote that in Hong Kong’s digital asset market, Digital Renminbi has tentatively participated in settlement. The primary issuance of Hong Kong dollar and Renminbi bonds, in addition to traditional settlement methods, is also among the first in the world to apply Digital Renminbi and Digital Hong Kong Dollar in settlement procedures. Furthermore, Hong Kong will be the best market to host mainland China’s asset RWA. As regulatory coordination and market development progress, there will be greater opportunities for larger-scale issuance of Renminbi assets as digital assets in Hong Kong, with Digital Renminbi naturally being the preferred settlement currency. From a developmental perspective, stablecoins will become an important usage habit for overseas market users. Offshore Renminbi stablecoins are one of the future options in the internationalization of the Renminbi, and Digital Renminbi deposits and liquidity assets provide the necessary reserve assets for offshore Renminbi stablecoins. (Hong Kong Wen Wei Po)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Inflows for Seven Consecutive Days Set Half-Year Record, Scale Still Below 2025 Peak
US spot Bitcoin ETF sees seven consecutive days of inflows, marking the longest streak since the start of 2025. Cumulative inflows over the past three weeks reached $2.2 billion, accounting for 79% of total crypto inflows. Although market sentiment has improved somewhat, it still falls short compared to the 2025 peak, with analysis suggesting a recovery in market demand rather than the onset of a bull cycle. Solana ETF showed outstanding performance this week, while Ethereum ETF continues to face net outflow pressure.
MarketWhisper6m ago
Iran's Largest Gas Field Bombed, Retaliatory Attacks Hit Three Persian Gulf Nations: Brent Crude Breaks $110, Diesel Hits 4-Year High
Iran's largest South Pars oil field was bombed, followed by retaliatory attacks on Qatar's energy hub, causing Brent crude oil to break through $110 per barrel. Global stock markets plummeted, and the crypto market was also affected. This geopolitical tension could trigger a larger-scale energy crisis, having a critical impact on future market trends.
動區BlockTempo8m ago
TradFi Fall Alert: XTIUSD (WTI Crude USOIL) Falls Over 2%
Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews20m ago
Iran Bombs Qardaha, Lafvan; 20% Global Natural Gas Supply at Critical Risk
On March 18, Iran attacked Qatar's Ras Laffan Industrial City, a globally important liquefied natural gas (LNG) facility. Market concerns about energy supply disruptions have driven oil prices higher. This incident has triggered a systemic supply storm, impacting aviation, logistics, and consumer goods industries. The cryptocurrency market may experience volatility due to risk-off sentiment, with potential long-term benefits from quantitative easing policies. Qatar and Japan are particularly vulnerable in the supply disruption, and supply chain resilience will be tested.
MarketWhisper41m ago
Musk: SpaceX AI and Tesla will continue to make large-scale orders of Nvidia chips
Gate News: On March 19, Musk posted that SpaceX AI and Tesla are expected to continuously purchase Nvidia chips on a large scale.
GateNews48m ago
Hong Kong stocks OpenClaw concept stocks pulled back, XunCe fell more than 6%, MINIMAX fell more than 5%
Gate News reports that on March 19, Hong Kong-listed OpenClaw concept stocks experienced a collective pullback. Xunce (03317.HK) fell over 6%, MINIMAX-W (00100.HK) fell over 5%, and Zhipu (02513.HK) fell over 4%. Additionally, Tencent Holdings (00700.HK), Alibaba (09988.HK), Kingsoft Cloud (03896.HK), NetEase-S (09999.HK), Baidu (09888.HK), and others also showed correlated declines.
GateNews52m ago
