Chinese tycoon’s HK ‘stablecoin’ sign of new crypto dawn?

Chinese Bitcoin mogul Li Xiaolai is reportedly leading a stablecoin project in Hong Kong with blockchain fund Grandshores Technology. Grandshores says that Li – who in 2013 founded BitFund that is, perhaps, the most influential cryptocurrency venture capital fund in China – is now aiming to channel his crypto talents, and finances, towards so-called stablecoins. According […]