Agricultural Bank: No plans for developing stablecoins at the moment

ChainCatcher news, according to Jinshi reports, Agricultural Bank responded to investors' questions about capital injection, stock repurchase, and stablecoin development on the interactive platform. Regarding the market's focus on stablecoins and cryptocurrency development, the Agricultural Bank clearly stated that regulatory authorities are implementing this round of capital injection for state-owned banks in an orderly manner according to the approach of "overall promotion, phased implementation, and one bank, one policy." Our bank will promote related work according to the unified arrangement. As for the latest development trends of global stablecoins and cryptocurrencies, our bank will continue to research and currently has no plans to develop stablecoins.