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China’s Blockchain Service Network To Launch Stablecoin Support In 2021
Summary: A Cointelegraph report reveals that China’s nationwide blockchain project, the Blockchain Service Network (BSN), will be integrating stablecoin support in 2021. Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support medium-sized businesses in building and deploying blockchain applications. HE Yifan, CEO of Red Date Technology, a major tech company involved ...
A Cointelegraph report reveals that China’s nationwide blockchain project, the Blockchain Service Network (BSN), will be integrating stablecoin support in 2021. Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support medium-sized businesses in building and deploying blockchain applications.
HE Yifan, CEO of Red Date Technology, a major tech company involved in the BSN development, said that stablecoins will enable instant payment between public city nodes providers and the BSN portals, yet it is not decided what stablecoins will be incorporated into this project.
Tracy Chen
Tags: BSN
Link: China’s Blockchain Service Network To Launch Stablecoin Support In 2021 [Copy]
