Circle CEO sees ‘tremendous opportunity’ for yuan stablecoin despite China curbs

Circle CEO sees ‘tremendous opportunity’ for yuan stablecoin despite China curbs

1.61%TRX$0.3272 1.65%BCH$440.21 1.11%DOGE$0.09636 2.93%XLM$0.1605 2.19%ETH$2,337 0.05%BNB$621.10 0.23%SOL$85.08 1.75%HYPE$44.67 1.01%XMR$344.20 1.09%XRP$1.41 3.32%ADA$0.2483 2.60%BTC$74,615 0.60%USD Written by Christina Comben,Staff EditorReviewed by Bryan O'Shea,Staff EditorCircle CEO sees ‘tremendous opportunity’ for yuan stablecoin despite China curbs38 minutes agoCircle’s Jeremy Allaire sees “tremendous” room for a yuan stablecoin, despite China banning most private yuan tokens and pushing its CBDC to challenge US dollar stablecoins. Circle CEO Jeremy Allaire says there is “tremendous opportunity” for a yuan-backed stablecoin, despite Beijing’s formal moves against most private renminbi-linked stablecoins and commitment to its own digital yuan. Speaking to Reuters in Hong Kong on Thursday, Allaire framed stablecoins as a way for China to “export” its currency by making global payment

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