The Hong Kong stablecoin market has immense potential, and ZhongAn and Alibaba may become the winners.

On August 1, according to reports, a recent research report by a certain bank indicates that the market size of stablecoins in Hong Kong could reach 16 billion USD, with expectations that stablecoins will increase demand for short-term high-quality liquidity assets, which may compress short-term yields and promote the development of the local fixed income market.

In the stablecoin value chain, the bank has a potential preference for issuing partners ZhongAn Online and Alibaba, and sees Tiger Brokers as a favorable distributor. The bank has given ZhongAn Online and Alibaba a "Buy" rating, with target prices of 24 yuan and 144 yuan, respectively.

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Ser_This_Is_A_Casinovip
· 08-02 11:52
Bullish on Alibaba hhhh
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DoomCanistervip
· 08-01 07:35
Alibaba is also getting into the crypto world.
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NFTRegretDiaryvip
· 08-01 07:35
It's painting BTC again~
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wrekt_but_learningvip
· 08-01 07:35
hk is eager to move.
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GasGrillMastervip
· 08-01 07:34
Oh my gosh, soaring into the sky!
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StableBoivip
· 08-01 07:20
Even Alibaba has no way to deal with stablecoins.
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SillyWhalevip
· 08-01 07:17
I don't believe in forced flattery.
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