This is still just a plan, and we are far from the official issuance of an offshore RMB stablecoin.
🚨 Kyrgyzstan approves the initiative for a Nano Labs-backed offshore RMB stablecoin.
According to an official letter from the National Investment Agency under the President of the Kyrgyz Republic and the National Committee for the Development of Virtual Assets and Blockchain Technology, this initiative has been approved by the higher authorities of the President's Office and confirmed to enter the next phase of advancement. $BNB $NA #NanoLabs
The stablecoin initiative aims to support the increasingly deepening trade and economic cooperation between China and Kyrgyzstan, facilitate cross-border settlements, expand investment opportunities, and enhance the transparency of operations in the digital finance sector.
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