10/23/2018 05:04

Release： 10/23/2018 05:04

Update： 04/08/2021 02:35

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[China] Hong Kong company announces plans to issue a stablecoin backed by Japanese yen

Hong Kong companies planning to issue a stablecoin backed by Japanese yen?!

On September 18, 2018, South China Morning Post reported that Hong Kong blockchain fund company 【Grandshores Technology】 is planning toissue a stablecoin backed by Japanese yenas a collateral.

Grandshores Technology has strong ties with Hong Kong's municipal administration and its funds exceed 1 billion dollars (about 110 billion yen), so its impact on cryptocurrency is significant.

A stablecoin backed by fiat currency has already been born

Among existing stablecoins...

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