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China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says

Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)

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Yuan Trades Now Make Up Over 70% of Bitcoin Volume

The majority of bitcoin transactions over the last 30 days came from yuan trades, it has been announced.

yuan-dollar-CNY-USD-shutterstock_1250px

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