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Circle eyes yuan-backed stablecoin, WLF’s proposal

Circle eyes yuan-backed stablecoin, WLF’s proposal

<span>STORY: From Circle’s views of a yuan-backed stablecoin… to why World Liberty Financial’s early investors could be restricted… This is Crypto Weekly.</span><span>:: Crypto Weekly</span><span>:: Circle eyes yuan-backed stablecoin</span><span>Circle Internet Group says it sees “tremendous opportunity” for yuan-backed stablecoin.</span><span>The comments came from Circle’s CEO – who runs the world’s largest regulated stablecoin issuer.</span><span>Jeremy Allaire said China wants to expand the yuan’s role in the global financial system.</span><span>And that stablecoins have emerged as a way to “export” a currency by making it easier for global payments.</span><span>:: Hong Kong’s stablecoin licenses</span><span>Hong Kong has issued its first licenses for fiat-backed…</span>

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