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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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According to Deep Tide TechFlow news on August 1, a report from Hong Kong Economic Times stated that Citibank's latest research report indicated that the market size of Hong Kong's stablecoin could reach 16 billion USD. It is expected that stablecoins will increase the 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 value chain of stablecoins, Citibank prefers ZhongAn Online and Alibaba for potential participation in issuance, and is optimistic about Tiger Brokers' role as a distributor. Citibank rated ZhongAn Online and Alibaba as "buy" with target prices of 24 HKD and 144 HKD, respectively.