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Caixin: Regulators remain cautious about issuing RMB stablecoins, and public speculation needs to cool down.
3 hours ago

Odaily Planet Daily reports that the development of quantum computing has further heightened security concerns surrounding blockchain technology used in cryptocurrencies like Bitcoin. Caixin has learned from several mainland policymakers that since the end of June, relevant authorities have held numerous meetings to discuss the development trends and strategies for stablecoins and cryptocurrencies. While they stated that research will continue, they also stated that the hype surrounding the stablecoin craze needs to be cooled. Regulators are also closely monitoring the development of stablecoins and related technologies and remain cautious about issuing RMB stablecoins. (Caixin.com)

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