Hong Kong urged to focus on RMB stablecoins

Yao Zhisheng suggests promoting RMB stablecoins and expanding the bond market to enhance Hong Kong’s global financial stature. This effort aligns with China’s financial strategies, potentially attracting fintech investments.

As of August 7, 2025, Tether USDT (USDT) remains stable at 1.00 USD, with a market cap of 164.08 billion USD and a 24-hour trading volume of 85.43 billion USD, reflecting a 13.61% decrease.

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