China National Petroleum Corporation (CNPC), a leading global energy firm, announced during its half-year results conference that it is monitoring the Hong Kong Monetary Authority's progress on stablecoin issuer licenses. The company plans to conduct a feasibility study on utilizing stablecoins for cross-border settlement and payment processes. This move highlights CNPC's interest in leveraging digital currencies to enhance its financial operations.
China National Petroleum Corporation Explores Stablecoin Use for Cross-Border Payments
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