Hong Kong officials: Stablecoins are a delivery tool that can drop cross-border payment costs to 1%.

According to reports, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated that the positioning of stablecoins in Hong Kong is clear, serving as a payment tool and another manifestation of legal tender, with no speculation opportunities. He reminded the public to be cautious. He mentioned that the cost of payment through the banking system could reach 3%, while the cost of using stablecoins is expected to be as low as 1%, which can reduce cross-border payment costs and improve the efficiency of economic operations.

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tokenomics_truthervip
· 21h ago
The fees have been lowered again.
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StakeOrRegretvip
· 22h ago
2% difference is just the price of a few cabbages.
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0xSunnyDayvip
· 08-25 03:15
Why not use stablecoins for cross-border transactions?
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BugBountyHuntervip
· 08-25 03:15
Bank transfers are hilarious, charging 3% out of nowhere. Are you robbing me?
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ThreeHornBlastsvip
· 08-25 03:12
Saving 2% on costs is a good review! It seems good days are coming.
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BoredWatchervip
· 08-25 03:06
Who doesn't love lower fees?
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LadderToolGuyvip
· 08-25 03:01
Isn't it just cheap?~
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DeadTrades_Walkingvip
· 08-25 02:56
What can I do with a 3 percentage point saving of 2?
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