Circle CEO Jeremy Allaire mentioned in an interview that he sees huge potential in offshore RMB stablecoins (CNHC). Allaire pointed out that as the use of RMB in global settlements continues to rise, tokenizing the RMB could significantly reduce cross-border transaction costs and improve settlement efficiency. He believes that while USD stablecoins currently dominate the market, a compliant offshore RMB stablecoin would be an attractive alternative for regions and businesses looking to reduce reliance on the USD system. Notably, the People's Bank of China and several major regulatory agencies issued a notice in February 2026, explicitly prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval from regulatory authorities. (TheBlock) https://(wublock123.com)/news/news-59644