Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB

Chinese enterprises involved in Belt and Road investments may soon adopt RMB-denominated stablecoins to reduce exposure to volatile local currencies, a move that could accelerate the internationalization of the digital RMB. Recent remarks from Liu Jing, chief economist for Greater China at HSBC Global Investment Research, indicate that the convergence of enterprise stablecoin issuance, the […] The post Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB appeared first on Coin Edition.