Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up
By Sam Reynolds
Circle's CEO predicts that China could launch a yuan-backed stablecoin within 3 to 5 years amid intensifying global currency competition. The initiative aims to expand the yuan's global reach, but faces hurdles like capital controls, offshore usage limits, and convertibility issues. This could challenge the dominance of USD-pegged stablecoins in the market.
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