#CFX The country has opened up Hong Kong to engage in crypto assets, and then encouraged large domestic companies to go to Hong Kong to issue stablecoins. Several major departments in the United States have recognized the legality of USDT and USDC. The major developed countries have also acknowledged the legal status of USDT and USDC, which means that in the future, import and export trade can use USDT and USDC stablecoins for settlement and payment. This is why China has opened up Hong Kong to allow large domestic companies to issue Hong Kong version stablecoins, while developed countries are also looking to issue stablecoins that anchor to their own national currency values. Currently, USDT and USDC can meet the buying and selling needs of the virtual currency market and can also satisfy the settlement and payment needs of import and export trade. Now, everyone is eager to issue stablecoins. Consider how large the virtual market is; USDT and USDC can fully meet it. Even if China and a few other countries issue stablecoins, even if only China issues one for circulation, it will lead to a massive influx of funds into the crypto market, and crypto assets will inevitably experience a big pump. Bitcoin and Ethereum account for over 80% of the market capitalization of the crypto market. When people ask which country Bitcoin and Ethereum come from, they can easily guess. If China issues stablecoins, it will certainly lead to a violent pump of its own virtual currency. Therefore, everyone should pay more attention to and hold crypto assets related to Chinese elements. There is no need to rush; its price will quickly reach or exceed your expected price.