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Yesterday, a rumor that "China is about to launch a stablecoin pegged to the Renminbi" ignited the Digital Money and cross-border payment zone, and I believe it is not without reason.
Since we have launched a stablecoin in Hong Kong, it is naturally paving the way for the Renminbi to go global. Of course, the stablecoin in Hong Kong is pegged to the USD, HKD, and offshore Renminbi, while the ultimate goal is to have a stablecoin fully pegged to the Renminbi. This will greatly accelerate the internationalization process and market share of the Renminbi.
There is one more important point, the Renminbi stablecoin is different from other stablecoins, it will be the first stablecoin backed by the central bank's credit. The purpose is not decentralization, but to achieve true stability, to facilitate cross-border trade and currency circulation, this is the real meaning of stablecoins #PI #BTC #ETH .