China Should Use Offshore Stablecoin | Crypto

Economists Shen Jianguang and Zhu Taihui have argued that launching a yuan-backed stablecoin outside mainland China, starting in Hong Kong and later other free-trade zones, has delivered 24/7, low-fee cross-border settlement and extended the currency’s reach without breaching capital controls. The post China Should Use Offshore Stablecoin to Boost Global Currency Role, Experts Say appeared first on Cryptonews.