China Should Use Offshore Stablecoin to Boost Global Currency Role, Experts Say

Economists Shen Jianguang and Zhu Taihui have argued that launching a yuan-backed stablecoin outside mainland China, starting in Hong Kong and later other free-trade zones, has delivered 24/7, low-fee cross-border settlement and extended the currency’s reach without breaching capital controls. source: https://cryptonews.com/news/china-should-use-offshore-stablecoins-to-boost-global-currency-role-experts-say/