Circle, the issuer behind the popular U.S. dollar-pegged stablecoin USDC, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of the tie-up. In a matter of several years, stablecoins have grown from a fringe category into a more than $130 billion market. These digital coins […]
KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round by Rita Liao originally published on TechCrunch...