🚨🚀 YUAN GOES DIGITAL: HONG KONG TO #LAUNCH OFFSHORE RMB STABLECOIN AMID GLOBAL STABLECOIN RACE
China-backed firms like JD.com and Ant Group are spearheading efforts to launch a yuan-pegged stablecoin in Hong Kong following new legislation effective August 1. With U.S. dominance via dollar-backed coins growing, Beijing sees offshore CNH stablecoins as key to boosting RMB global use. Experts push a dual-track strategy combining e-CNY and stablecoins to reshape cross-border payments while keeping monetary sovereignty intact.
