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Circle CEO Jeremy Allaire stated in an interview that he sees huge opportunities for offshore Renminbi stablecoins (CNHC). Allaire pointed out that as the use of the Renminbi in global settlements continues to increase, tokenizing the Renminbi can significantly reduce cross-border transaction costs and improve settlement efficiency. He believes that although USD stablecoins currently dominate the market, compliant offshore Renminbi stablecoins are an attractive supplement for regions and enterprises seeking to reduce reliance on the U.S. dollar system. (TheBlock)