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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Recently, Hong Kong's "Stablecoin Regulation" officially came into effect, marking a new stage in the regulatory framework for Digital Money. At the same time, the United States has also passed the "Guidance and Establishment of the US Stablecoin International Innovation Act." This series of regulatory developments reflects the restructuring of rules and strategic layout in the global competition landscape of Digital Money.
Against the backdrop of the gradual formation of global digital asset regulation, Hong Kong is rapidly improving its legal system, creating an institutional environment for the launch of offshore Renminbi (CNH) stablecoin. This move may open up a digital path for the internationalization of the Renminbi, making the future development direction more clear and feasible.
Although the CNH stablecoin project has not officially launched yet, the implementation of the "Stablecoin Regulation" provides institutional support and development space for it. If Hong Kong successfully pilots the CNH stablecoin, it is likely to become an important milestone in the internationalization process of the Renminbi and occupy a key position in the future reconstruction of the global cross-border payment system.
It is worth noting that stablecoins, as a modern financial tool that combines the characteristics of currency with international payment functions, are increasingly highlighting their transformative role in the field of cross-border payments. These digital assets are not only the infrastructure of the digital economy era but may also become an important tool in the competition for international financial rules.
Looking back at history, the pilot program for Renminbi business in Hong Kong that started in 2003 laid the foundation for cross-border Renminbi trade settlement in 2009. Today, Hong Kong stands once again at a critical juncture for the internationalization of the Renminbi. The development of CNH stablecoin may become a new breakthrough in the field of digital finance, opening a new chapter in Hong Kong's financial innovation.