• 11/25/2024

Head of crypto firm Circle accepts ban in mainland China, but sees role for yuan-backed stablecoins

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Circle co-founder and CEO Jeremy Allaire acknowledged that China is not likely to open up to cryptocurrencies, but said stablecoins could help Beijing in its goal of yuan internationalisation.

https://www.scmp.com/tech/tech-trends/article/3227171/head-crypto-firm-circle-accepts-ban-mainland-china-sees-role-yuan-backed-stablecoins?utm_source=rss_feed