China Asset Management (Hong Kong): Exploring Integrated Stablecoin Applications in Payments, Subscriptions and Redemptions, and Asset Management

Odaily Planet Daily reported that Gan Tian, CEO of China Asset Management (Hong Kong), revealed that multiple institutions are exploring integrated applications of stablecoins for payments, subscriptions and redemptions, and asset management, with China Asset Management (Hong Kong) also participating. Currently, the stablecoin business is at a critical juncture where the basic rules have been established, but application scenarios are yet to see explosive growth. From a technical and pilot progress perspective, stablecoins have moved from proof-of-concept to practical implementation. In the future, the global monetary system may converge toward a few mainstream stablecoins, but this process will depend on robust financial markets and trade scenarios. (Securities Times)