The People’s Bank of China (PBoC) said the country’s stablecoin project is still in the testing stage with no date set for its launch, despite online impostors claiming otherwise.
The digital yuan is officially called the Digital Currency Electronic Payment (DECP) and the central bank’s announcement came on the heels of a website DECPAPI.com, featuring an API with a countdown indicating that the national stablecoin would launch on November 20.
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