Citigroup predicts Hong Kong's stablecoin market will reach $16 billion, with ZhongAn and Alibaba as top contenders.
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最新报道：According to a report from the Hong Kong Economic Times on August 1st, Citigroup's latest research report indicates that the Hong Kong stablecoin market could reach $16 billion. The report predicts that stablecoins will increase demand for short-term, high-quality, liquid assets, potentially compressing short-term yields and boosting the development of the local fixed income market. Within the stablecoin value chain, Citigroup favors ZhongAn Online and Alibaba due to their potential participation in issuance and is optimistic about Tiger Brokers' role as a distributor. Citigroup has a "buy" rating on ZhongAn Online and Alibaba, with target prices of 24.00 yuan and 144.00 yuan, respectively.
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