Circle CEO Jeremy Allaire told MetaEra on April 16 that RMB stablecoins present a "huge opportunity" and could help enhance the yuan’s global role. He expects China to issue an RMB stablecoin within three to five years. In February 2026, the PBOC and other agencies banned the unregulated issuance of RMB stablecoins abroad. Hong Kong’s Monetary Authority recently granted stablecoin licenses to HSBC and Anchorpoint Financial, a firm backed by Standard Chartered and others. This move aligns with broader stablecoin regulatory efforts and CFT compliance requirements.

ME News reports that on April 16 (UTC+8), Circle CEO Jeremy Allaire told Reuters that there is a “tremendous opportunity” for a renminbi stablecoin, stating that if Chinese authorities aim to enhance the global competitiveness of the renminbi, stablecoins could serve as a key technological tool for currency internationalization. He predicted that China may launch a renminbi stablecoin within the next three to five years. Notably, the People’s Bank of China and multiple other agencies explicitly prohibited the issuance of renminbi stablecoins overseas without regulatory approval in February 2026. Last week, the Hong Kong Monetary Authority issued its first stablecoin licenses to HSBC and Anchorpoint Financial—a joint venture between Standard Chartered, Animoca Brands, and Hong Kong Telecom. (Source: Foresight News)