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2023-07-11 13:42:38

Circle’s Allaire Suggests Yuan-Backed Stablecoins as Alternative to CBDCs for China

The post Circle’s Allaire Suggests Yuan-Backed Stablecoins as Alternative to CBDCs for China appeared first on Coinpedia Fintech News Circle CEO Jeremy Allaire has suggested that Beijing should consider the possibility of permitting Chinese Yuan (CNY)-backed stablecoins as a means to internationalize its currency. In an interview with the South China Morning Post, Allaire expressed the view that stablecoins might offer a more effective path to facilitate the broader use of the RMB in …

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