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26 November 2020

China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter

China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter


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China Could Move From Digital Yuan to Regional Stablecoin with Hong Kong as the Epicenter.

Nanpeng is convinced cross-border trade between Hong Kong, Japan,China, and South Korea will be bolstered by a digital currency, backed by the state-issued HKD, yen, yuan, and won respectively.

Along with a stablecoin, the development of a digital wallet and public network to store assets and view transactions is also mentioned in the proposal. .

Finally, a state-issued digital currency provides a testbed for other projects operating on blockchain systems

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