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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Morgan Stanley: The Hong Kong stablecoin bill paves the first legal path for offshore RMB stablecoins.
On June 21, Morgan Stanley's latest research report pointed out that the Hong Kong stablecoin bill essentially paves the first legal path for offshore RMB stablecoins. Supported by a substantial offshore liquidity pool of approximately 1 trillion RMB in Hong Kong, offshore RMB stablecoins will validate actual use cases for cross-border settlement while avoiding violations of mainland capital controls or impacting onshore financial stability. The development of RMB stablecoins should be viewed as a potential component of the cross-border RMB settlement infrastructure, which includes RMB swap agreements, CIPS (Cross-Border Interbank Payment System), and the global RMB clearing service network. (Ming Pao)