Main page News, Fintech, Future, Cryptocurrency Exchanges

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.

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.

Read also:
Please describe the error