Tether to Issue Stablecoin Backed by Chinese Yuan in Belgian Bank: Insider

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Tether is planning to issue a new stablecoin backed by Chiense yuan held in a bank in Belgium, says Bitfinex shareholder Zhao Dong.

via CoinDesk https://www.coindesk.com/tether-to-issue-stablecoin-backed-by-chinese-yuan-in-belgian-bank-insider