TechFlow news, August 1: According to Hong Kong's EJ Insight, Citigroup's latest research report indicates that Hong Kong's stablecoin market could reach $16 billion. The report expects stablecoins to increase demand for short-term high-quality liquid assets, potentially compressing short-term yields and promoting the development of the local fixed-income market. Within the stablecoin value chain, Citigroup prefers ZhongAn Online and Alibaba due to their potential involvement in issuance, and sees Tiger Brokers as a favorable distributor. Citigroup assigns "Buy" ratings to ZhongAn Online and Alibaba, with target prices of HK$24 and HK$144, respectively.
Add to Favorites
Share to Social Media
