Kucoin and Circle Pay investing for Digital Yuan

Yugocean

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Jun 23, 2022
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A blockchain-based version of the Chinese yuan is being built by CNHC. For this, CNHC has received $10 million in support from various investors, with Kucoin and Circle Pay's Venture arm contributing the most. According to investors, this has been done to promote Web3 infrastructure in the region; however, the analysis differs by judging the problems faced by them (the Kucoin lawsuit and the USDC depeg).

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riberet19

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Jan 7, 2023
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I also heard that in Japan they are planning a stablecoin correlated with the Japanese yen, these proposals are interesting to be able to do a little forex within the crypto ecosystem in any case.
 
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