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CN Considering Launch of RMB-backed Stablecoins: Rumors
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China will approve a new roadmap for RMB development later this month, and is considering the launch of a RMB-pegged stablecoin to promote wider global use of the RMB, Reuters quoted sources as saying. It is understood that the roadmap is expected to include targets for the use of the RMB in global markets, outline the responsibilities of domestic regulators and provide guidance for risk prevention. Senior Chinese leaders are anticipated to hold a meeting as early as the end of this month, focusing on RMB internationalization and stablecoin issues, setting the tone for stablecoins and clarifying the application and development boundaries in business. AASTOCKS Financial News Website: www.aastocks.com |
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