Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Ozark on October 11, 2018, 11:03:32 AM
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The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB).
XU: STABLECOIN WILL BE ‘FULLY-COMPLIANT’
In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market — which is seeing multiple market entrants this year.
“Embracing the tide of technology, the launch of a (yuan-backed stablecoin) is an inevitable trend, and it will significantly improve the internationalization of the RMB,” he wrote. “OKCoin USA will launch a fully compliant stablecoin.” More here (https://bitcoinist.com/okcoin-usa-will-issue-chinese-yuan-stablecoin-says-ceo-star-xu/).