OKB, HT breakout amid news of China issuing stablecoin and opening up crypto

Exchange coins originating from China such as OKB, HT, MNT have surged by hundreds of percent over the past month, following reports that Beijing is preparing to launch a stablecoin pegged to the yuan to compete with the USD. If a specific blockchain is chosen as the issuance infrastructure, it is highly likely that its native token will “skyrocket.”

At the same time, rumors about China potentially easing and opening up the cryptocurrency market are making the Chinese investor community extremely excited, continuously driving up the prices of related coins.

If this scenario becomes a reality, those holding Chinese coins may be ready to “kick back” and take profits at a good level.