"Periscope": The ultimate goal of some institutions that want to apply for licenses is still a stablecoin pegged to the offshore RMB

On the afternoon of July 29, the Hong Kong Monetary Authority released the "Guidelines for the Supervision of Licensed Stablecoin Issuers" and "Guidelines for Combating Money Laundering and Terrorist Financing (Applicable to Licensed Stablecoin Issuers) ", aiming to strengthen the supervision of stablecoin license applications. Chan Weimin, Vice President of the Hong Kong Monetary Authority, repeatedly emphasized at the communication meeting after the guidelines came out that the current market enthusiasm for stablecoins is high, and he hopes that market participants should be cautious, and "stability" is conducive to the development of the industry. Most of the institutions that have flocked to Hong Kong to explore stablecoin opportunities are looking at the opportunity for Hong Kong stablecoins to be pegged to offshore RMB in the future, including an energy state-owned enterprise giant Although Chen Weimin revealed that most of the institutions currently negotiating would prefer to choose a more liquid currency, such as the Hong Kong dollar or the US dollar, Tencent News "Periscope" learned that the ultimate goal of some institutions seeking to apply for licenses is still the offshore RMB-linked stablecoin.