China thinks about the release of the stablecoin secured by the yuan

China thinks about the release of the stablecoin secured by the yuan
In China, stablecoin secured by the yuan may appear. The need to launch such a digital asset was announced by the People"s Bank of China.

Chinese central bank analysts have published a study analyzing the prospects for the introduction of digital currency. They noted that now most of the Stablecoins are provided by the American dollar (Tether, Gemini Dollar, Paxos Standard, etc.).

Using the US currency as a material security for tokens allows the dollar to hold key positions in the global market. The domination of the American currency ...
Read more about "China thinks about the release of the stablecoin secured by the yuan" on coinatory.com

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