Abstract
The rapid development of stablecoin has become one of the important issues of concern for central banks and governments around the world. As an international financial center, Hong Kong has launched many explorations on the issuance, supervision and operation of stablecoin-related digital products. This article suggests that Hong Kong can create a stablecoin anchored to the offshore RMB and, based on this stablecoin, use limited distributed blockchain technology and smart contracts to establish a new digital financial infrastructure platform. The above platform. will have broad application prospects in three aspects: advancing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area international financial center cluster, promoting the internationalization of RMB, and enhancing national security in the financial sector.
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