CITIC Securities Research Report believes that Hong Kong and the United States have recently promoted the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of Chinese mainland enterprises' RWA issuance projects in Hong Kong. At the same time, the stablecoin bill is expected to indirectly boost the construction of digital currency-related pa...