Chinese Government-Backed Company to Launch Stablecoin by February27.67

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019.

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Original source
https://news.bitcoin.com/chinese-government-backed-fund-plans-to-launch-stablecoin-by-february/

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