Conflux founder Long Fan: will promote the issuance of offshore RMB stablecoins

According to a report by Hong Kong Business Daily, Conflux Network founder Long Fan stated that Hong Kong, as a city with open and free finance, can become a testing ground for the country. Policies related to Web3.0 can be further strengthened, and steps can be taken to explore the issuance of offshore stablecoins, which is also a priority direction for Conflux's public chain development strategy. Compared with the US dollar stable currency, the development of the RMB stable currency is slower, but the huge volume of trade between China and the the Belt and Road proves that this practical demand needs to be met, and will further promote the landing and issuance of the onshore RMB stable currency in line with the development of the times.