PBoC Researchers reports on Yuan-pegged stablecoin

PBoC Researchers reports on Yuan-pegged stablecoin

The People’s Bank of China (PBoC) stated that the country should focus on the promotion of stablecoin and also consider introducing yuan-pegged cryptocurrency. The authors of the article ‘A Brief Analysis of Stablecoins’ quoted, “We would double down on our research efforts and learn from the relevant experience to support domestic institutions to issue yuan-pegged crypto stablecoins.”

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