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04-16

Buying in circle

Circle CEO Sees "Tremendous Opportunity" For Yuan-Backed Stablecoin

Circle CEO sees 'tremendous opportunity' for yuan-backed stablecoinJeremy Allaire says stablecoins good way to 'export' a currencyAllaire thinks China could launch yuan-backed stablecoin within three to five yearsChina has maintained a tough stance on cryptocurrencies; reiterated its position in NovemberCircle sees growth in its USDC amid U.S.-Iran war and geopolitical risksBy Summer Zhen and Selena Li

Circle CEO Sees "Tremendous Opportunity" For Yuan-Backed Stablecoin

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This is becoming a technological competition.&#34;</p><p>He said China could roll out a yuan-backed stablecoin in the next three to five years.</p><p>Reuters reported last August, citing sources with knowledge of the matter, that the country was considering yuan-backed stablecoin to boost adoption of its currency globally.</p><p>Such a move, if realised, would mark a major shift in China&#39;s approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial system.</p><p>China&#39;s central bank reaffirmed its tough stance on virtual currencies in November amid a market frenzy over digital assets.</p><p>Use of stablecoins, which offer faster and cheaper transactions, has surged globally in recent years.</p><p>Circle&#39;s USDC, which is backed by the U.S. dollar and is the world&#39;s second most-held stablecoin, grew 72% year-on-year in circulation to $75.3 billion by the end of 2025, according to its quarterly results.</p><p>Allaire said Circle recorded &#34;several billion dollars&#34; in USDC transaction growth following the outbreak of the U.S.-Iran war as heightened geopolitical risks boosted demand for portable digital dollars.</p><p>Hong Kong is a hub for cross-border payments and settlement, Allaire said, adding that Circle saw significant opportunities to work with Hong Kong dollar stablecoins to integrate them into global platforms.</p><p>Circle is also at the centre of debate over U.S. crypto regulation. The CLARITY Act has been closely watched globally, particularly over whether it could restrict interest-bearing stablecoin products being marketed as bank savings.</p><p>Allaire said any limit on marketing could affect stablecoin distributors more than issuers.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Circle CEO Sees \"Tremendous Opportunity\" For Yuan-Backed Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCircle CEO Sees \"Tremendous Opportunity\" For Yuan-Backed Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-04-16 14:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Jeremy Allaire says stablecoins good way to &#39;export&#39; a currency</p></li><li><p>Allaire thinks China could launch yuan-backed stablecoin within three to five years</p></li><li><p>China has maintained a tough stance on cryptocurrencies; reiterated its position in November</p></li><li><p>Circle sees growth in its USDC amid U.S.-Iran war and geopolitical risks</p></li></ul><p>HONG KONG, April 16 (Reuters) - Circle Internet Group CRCL.N sees &#34;tremendous opportunity&#34; for yuan-backed stablecoin as digital money becomes increasingly integrated into global trade and finance, said the chief of the world&#39;s largest regulated stablecoin issuer.</p><p>China wants to expand the yuan&#39;s role in the global financial system, and stablecoins have emerged as a way to &#34;export&#34; a currency by making it easier for global payments, Jeremy Allaire, co-founder and CEO of Circle, told Reuters.</p><p>Stablecoins are a type of cryptocurrency designed to maintain a constant value and are usually pegged to a fiat currency such as the U.S. dollar.</p><p>&#34;There&#39;s a tremendous opportunity for a yuan stablecoin,&#34; Allaire said in an interview in Hong Kong. &#34;If there&#39;s currency competition, you want your currency to have the best features possible. This is becoming a technological competition.&#34;</p><p>He said China could roll out a yuan-backed stablecoin in the next three to five years.</p><p>Reuters reported last August, citing sources with knowledge of the matter, that the country was considering yuan-backed stablecoin to boost adoption of its currency globally.</p><p>Such a move, if realised, would mark a major shift in China&#39;s approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial system.</p><p>China&#39;s central bank reaffirmed its tough stance on virtual currencies in November amid a market frenzy over digital assets.</p><p>Use of stablecoins, which offer faster and cheaper transactions, has surged globally in recent years.</p><p>Circle&#39;s USDC, which is backed by the U.S. dollar and is the world&#39;s second most-held stablecoin, grew 72% year-on-year in circulation to $75.3 billion by the end of 2025, according to its quarterly results.</p><p>Allaire said Circle recorded &#34;several billion dollars&#34; in USDC transaction growth following the outbreak of the U.S.-Iran war as heightened geopolitical risks boosted demand for portable digital dollars.</p><p>Hong Kong is a hub for cross-border payments and settlement, Allaire said, adding that Circle saw significant opportunities to work with Hong Kong dollar stablecoins to integrate them into global platforms.</p><p>Circle is also at the centre of debate over U.S. crypto regulation. The CLARITY Act has been closely watched globally, particularly over whether it could restrict interest-bearing stablecoin products being marketed as bank savings.</p><p>Allaire said any limit on marketing could affect stablecoin distributors more than issuers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRCL":"Circle Internet Corp.","CRCG":"2倍做多CRCL ETF-Leverage Shares","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","CRCA":"Proshares Ultra CRCL","BK4023":"应用软件","ICRC":"Bitwise CRCL Option Income Strategy ETF","LU1861217088.USD":"贝莱德金融科技A2","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","CCUP":"T-REX 2x Long CRCL Daily Target ETF","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260416:nL4N40X1RN:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2627261589","content_text":"Jeremy Allaire says stablecoins good way to 'export' a currencyAllaire thinks China could launch yuan-backed stablecoin within three to five yearsChina has maintained a tough stance on cryptocurrencies; reiterated its position in NovemberCircle sees growth in its USDC amid U.S.-Iran war and geopolitical risksHONG KONG, April 16 (Reuters) - Circle Internet Group CRCL.N sees \"tremendous opportunity\" for yuan-backed stablecoin as digital money becomes increasingly integrated into global trade and finance, said the chief of the world's largest regulated stablecoin issuer.China wants to expand the yuan's role in the global financial system, and stablecoins have emerged as a way to \"export\" a currency by making it easier for global payments, Jeremy Allaire, co-founder and CEO of Circle, told Reuters.Stablecoins are a type of cryptocurrency designed to maintain a constant value and are usually pegged to a fiat currency such as the U.S. dollar.\"There's a tremendous opportunity for a yuan stablecoin,\" Allaire said in an interview in Hong Kong. \"If there's currency competition, you want your currency to have the best features possible. This is becoming a technological competition.\"He said China could roll out a yuan-backed stablecoin in the next three to five years.Reuters reported last August, citing sources with knowledge of the matter, that the country was considering yuan-backed stablecoin to boost adoption of its currency globally.Such a move, if realised, would mark a major shift in China's approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial system.China's central bank reaffirmed its tough stance on virtual currencies in November amid a market frenzy over digital assets.Use of stablecoins, which offer faster and cheaper transactions, has surged globally in recent years.Circle's USDC, which is backed by the U.S. dollar and is the world's second most-held stablecoin, grew 72% year-on-year in circulation to $75.3 billion by the end of 2025, according to its quarterly results.Allaire said Circle recorded \"several billion dollars\" in USDC transaction growth following the outbreak of the U.S.-Iran war as heightened geopolitical risks boosted demand for portable digital dollars.Hong Kong is a hub for cross-border payments and settlement, Allaire said, adding that Circle saw significant opportunities to work with Hong Kong dollar stablecoins to integrate them into global platforms.Circle is also at the centre of debate over U.S. crypto regulation. The CLARITY Act has been closely watched globally, particularly over whether it could restrict interest-bearing stablecoin products being marketed as bank savings.Allaire said any limit on marketing could affect stablecoin distributors more than issuers.","news_type":1,"symbols_score_info":{"CRCD":0.6,"CCUP":0.6,"CRCA":0.6,"CRCL":1.96,"CRCO":0.6,"ICRC":0.6,"CRCG":0.6}},"isVote":1,"tweetType":1,"viewCount":60,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}