Circle CEO Says a Chinese Stablecoin is a "Tremendous Opportunity" @jerallaire, the CEO of $USDC-issuer @Circle, believes there is significant promise a stablecoin pegged to the Chinese Yuan. Per The Block, Allaire believes that a Yuan-stablecoin would make the currency more competitive on the global stage, adding that China could launch such a product in the next 3-5 years. Despite the optimistic comments, China still imposes an outright ban on cryptocurrency trading, and has made cynical comments around stablecoins themselves.
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