Wu Jiezhuang: Assets including offshore RMB as the bottom layer are also the scope of discussion and consideration for stable currencies
On May 21, Dr Ng Kit Chong spoke during the review of the "Stabilized Coin Bill" of the Hong Kong Legislative Council and said that the stablecoins enacted in the "Bill" this time are based on legal currency assets, but in addition to Hong Kong dollars or US dollars, offshore assets including RMB are also available for discussion and consideration. Promoting this matter on a compliance structure will help the national strategy of RMB internationalization.（Techub News）
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