China FOMO strikes again as nation tests stablecoin rollout to boost renminbi: report
Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. In a recent article by the Financial Times, its been revealed that Chinese officials…
Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. In a recent article by the Financial Times, its been revealed that Chinese officials…
