Odaily Planet Daily News: China International Capital Corporation (CICC) has published an article titled "The Potential Impact of Stablecoins on the Financial System", which points out that from the perspective of currency creation, lending behavior within a decentralized financial system has achieved the creation function of "quasi currency", especially when purchasing tokenized stock assets through stablecoins, which will directly flow funds into/out of the stock market; From the perspective of market sentiment, cryptocurrency prices fluctuate greatly, affecting stock market expectations. Historically, the Nasdaq index and Bitcoin prices have shown a certain correlation; Cryptocurrency and stablecoin related targets in the stock market, such as cryptocurrency exchanges and financial institutions, affect stock prices through fundamental changes. For the Hong Kong dollar, regulating the issuance of stablecoins, especially the Hong Kong dollar stablecoin, can help enhance the influence of the Hong Kong dollar in cross-border payments, encrypted assets, and other fields, strengthen the international competitiveness of the Hong Kong financial industry and the Hong Kong dollar, and consolidate the position of Hong Kong, China as an international financial center.
