TechFlow news, July 3 — According to Jinshi Data, the Agricultural Bank of China addressed investor inquiries on its interactive platform regarding capital injection, stock buybacks, and stablecoin development. Regarding market interest in stablecoins and cryptocurrency development, the bank stated clearly that regulators are implementing capital injections into major state-owned banks in an orderly manner under the principle of "coordinated advancement, phased implementation, batch-by-batch execution, and bank-specific strategies." The bank will advance related work according to unified arrangements. On the latest global trends in stablecoins and cryptocurrencies, the bank will continue research but currently has no plans to develop a stablecoin.
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