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Circle CEO predicts China will launch a Renminbi stablecoin within 3-5 years, calling it a "key technological means" for currency internationalization
Interestingly, the People's Bank of China explicitly banned the overseas issuance of Renminbi stablecoins in February 2026, but Hong Kong has just issued the first stablecoin licenses to HSBC and Anchorpoint
The "One Country, Two Systems" principle is vividly reflected in stablecoin regulation