Agricultural Bank: No plans to develop stablecoin at the moment.

On July 3, the Agricultural Bank of China responded to investor inquiries regarding capital injection, stock buybacks, and the development of stablecoins on its interactive platform. In response to market concerns about the development of stablecoins and Crypto Assets, the bank stated that regulatory authorities are orderly implementing this round of capital injection for state-owned banks according to the approach of "overall promotion, phased implementation, and one policy for each bank." Our bank will advance related work according to unified arrangements. Regarding the latest development trends of global stablecoins and Crypto Assets, our bank will continue to follow up and study, and there are currently no plans to develop stablecoins. ( Jin10 )

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