Agricultural Bank of China: No Plans to Develop Stablecoins at Present

According to ChainCatcher, as reported by Jintou, Agricultural Bank of China responded to investors' questions on the interactive platform regarding capital injection, stock buybacks, and the development of stablecoins. Addressing market concerns about stablecoins and cryptocurrency development, the bank clarified that regulatory authorities are implementing the current round of capital injections for state-owned major banks in an orderly manner, following a strategy of “coordinated advancement, phased implementation, and tailored approaches for each bank.” The bank will proceed with related work in accordance with unified arrangements. Regarding the latest global trends in stablecoins and cryptocurrencies, the bank stated it will continue to monitor and research developments, but currently has no plans to develop stablecoins.