China has opened a cross-border payment channel with Hong Kong and mainland China. Hong Kong has also issued a stablecoin. This is equivalent to an indirect opening of a path for Crypto assets~ exchanging the Hong Kong stablecoin~ Hong Kong stablecoin~ for the Hong Kong dollar~ the Hong Kong dollar can then be exchanged for yuan through the cross-border payment channel. This also means an indirect opening of a path for exchanging the Pi coin for yuan✅ This is an opportunity for Pi, but also a challenge for the Pi project team. The opportunity is that mainland China Miners now have a legitimate way to enter and exit, the challenge is that stablecoins may undermine cross-border payments of Crypto assets❗️The Pi project team needs to understand the situation and urgently accelerate the pace of KYC and migration of mappings💥

In this world, the more powerful someone is, the more people join them. Only the Pi project can rapidly develop its community and ecosystem; traditional companies will be able to integrate into the public Pi chain through the stablecoin ecosystem ⚡️ Otherwise, they will be attacked by traditional companies in collaboration with traditional financial institutions that will use stablecoins to encroach on global payment operations of the public Pi chain㊙️㊙️