ChinaAMC launches first tokenised yuan fund amid Hong Kong stablecoin push - South China Morning Post

ChinaAMC (HK), the Hong Kong limb of Chinese money location China Asset Management, launched the world’s archetypal yuan-denominated tokenised money connected Thursday, aligning with the city’s regulatory model for stablecoins, which is expected to stimulate request for integer assets. While a yuan stablecoin is presently unavailable, mainland Chinese officials person softened their stance connected integer currencies and the broader integer plus space. With Hong Kong’s stablecoin ordinance taking effect from August...