At the Asian Vision Forum 2025 in Singapore, David A. Katz, VP of Strategy & Public Policy at Circle APAC, said:

Cross-border payments are a key use case for stablecoins, and issuing an RMB stablecoin could boost RMB internationalization.

Digital asset issuance must meet two requirements: strong network security and 1:1 backing with high-quality, liquid assets held by trusted custodians. About 90% of USDC reserves are custodied by BlackRock.

#Stablecoin #USDC #Circle