The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB). Xu: Stablecoin Will Be ‘Fully-Compliant’ In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market — which is seeing multiple market entrants this year. “Embracing the tide of technology, the launch of a (yuan-backed stablecoin)Read MoreThe post OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu appeared first on Bitcoinist.com.
