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China is finally going to launch the RMB stablecoin! 🚀
This is the first time and an important step for the Renminbi to enter the global monetary system!
Reuters and Lianhe Zaobao both reported that there will be news by the end of this month on the basic plan. Once implemented, overseas companies will no longer have to go in circles due to banks not supporting RMB accounts; RMB stablecoin can directly solve the settlement pain points. Backed by China's super strong industrial capacity, it can finally confront the US dollar stablecoin head-on!
Don't forget, in this crypto race, Europe, Japan, and South Korea have almost no presence; the real competition is only between China and the United States. This time, the Renminbi is stable! 🔥