According to a series of tweets, Star Xu, founder of OKCoin and OKGroup, confirmed that OKCoin USA will issue Chinese Yuan stablecoin.
“Embracing the tide of technology, the launch of a #CNY backed #stablecoin is an inevitable trend, and it will significantly improve the internationalization of the RMB. OKCoin USA will launch a fully compliant stablecoin,” Star Xu said in a tweet.
Embracing the tide of technology, the launch of a #CNY backed #stablecoin is an inevitable trend, and it will significantly improve the internationalization of the RMB. OKCoin USA will launch a fully compliant stablecoin.
— Star Xu (@starokcoin) October 10, 2018
Earlier, The People’s Bank of China has said that it intends to intensify research of stablecoins and considers the possibility of supporting national institutions to issue yuan-backed assets.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.