Beijing could use Hong Kong to test yuan-linked stablecoins: Morgan Stanley

scmp.com/business/cryptocurrency/article/3315514/beijing-could-use-hong-kong-test-bed-yuan-linked-stablecoins-morgan-stanley

China’s central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing’s digital currency ambitions face hurdles because of the country’s economic challenges, according to Morgan Stanley.
Hong Kong has established the…

This story appeared on scmp.com, 2025-06-23 11:05:38.
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