Jiaxin Wealth Management intends to launch stablecoins

According to Decrypt, Rick Wurster, CEO of ChinaAMC, stated during Friday's earnings conference call that the company hopes to issue its own stablecoin. Rick Wurster said, "Stablecoins are likely to play a role in blockchain trading, and that's exactly what we hope to offer." According to the conference call, the Jiaxin Wealth Management team is preparing to launch Bitcoin and Ethereum ETF spot trading for clients. This brokerage giant, which manages over $7 trillion in assets, has been cautious about adding cryptocurrency investment options to its products.