The biggest opportunity for Hong Kong stablecoins may be offshore RMB stablecoins Two major pain points of offshore RMB: difficult circulation and limited investment channels Making it into a stablecoin has already solved the problem. Just think about China's foreign aid of thousands or trillions of dollars to those African countries, all of which use offshore RMB stablecoins. Even if they don't accept them, they still have to accept them. Can those countries use them to buy RWA and earn interest? Let them buy RWA assets from Hong Kong and mainland China. What's even more amazing is that the offshore RMB has not yet left the banking system and is still lying in the bank