Economic Observer published an article "How to Break the Deadlock of Offshore Renminbi Stablecoin in Hong Kong", pointing out that the implementation of the Hong Kong Stablecoin Regulations in August may indicate that the trial of offshore Renminbi (CNH) stablecoin is approaching. Referring to the experience of the Renminbi business pilot in 2003, the implementation of CNH stablecoin can be promoted in three stages:
