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Wu Jie, market maker: The use of assets including offshore RMB as the underlying is also within the scope of discussion and consideration for stablecoins.
[Wu Jie, market maker: Using offshore RMB and other assets as the underlying for stablecoins is also within the scope of discussion and consideration] On May 21, news reported that during the deliberation of the "Stablecoin Regulation Draft" in the Hong Kong Legislative Council, market maker Wu Jie stated that the stablecoins legislated in this draft regulation are based on fiat assets. However, apart from the Hong Kong dollar or US dollar, using offshore RMB and other assets as the underlying is also within the scope of discussion and consideration. Promoting this matter within a Compliance framework will help advance the national strategy for the internationalization of the RMB. (Techub News)