JD Group highlights the development of offshore RMB stablecoins to strengthen the renminbi’s international presence. This initiative, proposed by Shen Jianguang and Zhu Taihui, targets Hong Kong initially, aiming for expansion into mainland areas amidst shifting US cryptocurrency policies.
Despite minor market reactions and no immediate impact on Ethereum (ETH) or Bitcoin, the discourse on regulatory frameworks is expected to intensify. Shen Jianguang emphasizes that creating these stablecoins can manage digital currency risks effectively.
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