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Circle CEO: There is a "huge opportunity" for RMB stablecoins, predicting that RMB stablecoins will emerge within 3 to 5 years
ME News Report, April 16 (UTC+8), Circle CEO Jeremy Allaire stated in an interview with Reuters that there is a “huge opportunity” for the Chinese yuan stablecoin. If Chinese authorities aim to enhance the yuan’s global competitiveness, stablecoins will become an important technological tool for currency internationalization, and he predicts that China may launch a yuan stablecoin within the next 3 to 5 years. It is worth noting that the People’s Bank of China and multiple departments explicitly banned the issuance of yuan stablecoins overseas without regulatory approval in February 2026. The Hong Kong Monetary Authority issued the first batch of stablecoin licenses last week to HSBC and Anchorpoint Financial (a joint venture between Standard Chartered Bank, Animoca Brands, and Hong Kong Telecom). (Source: Foresight News)