The Hong Kong Monetary Authority (HKMA) has firmly denied social media rumours that the world’s first offshore yuan-pegged stablecoin has been issued in the city. In a public statement the regulator labeled the reports as “false news” and urged investors to remain vigilant against unverified claims that could mislead the market. The warning comes amid heightened global interest in stablecoins, particularly those linked to the Chinese yuan, as traders and developers look for new forms of liquidity in the ...