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Wow!! Finally waiting for you!! Good thing I didn’t give up!!

China is finally going to launch the Renminbi #稳定币 , it should have been done long ago!
Many Chinese-funded enterprises in Africa and Asia are actually using USD stablecoins for settlement due to the lack of reliable banks locally.

After launching the stablecoin, the Renminbi can solve the infrastructure documentation for overseas banks that do not support Renminbi accounts, directly backed by super strong industrial capabilities and competing head-to-head with USD stablecoins.
In the crypto space, countries like Europe, Japan, and South Korea actually have no competitiveness, it still depends on the competition between China and the US~

But China’s disadvantages are also very obvious: afraid that stablecoins are too convenient for running away, it might end up like digital Renminbi...