China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency ...

China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of ...

Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of ...

China is considering a shift in its digital asset policy, potentially allowing yuan-backed stablecoins to promote global ...

Critics of stablecoins say that since they are essentially a proxy for ordinary currencies that can bypass banking systems ...

China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will ...

China may approve stablecoins backed by the yuan for trade and payments, a major policy reversal after years of crypto ...

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency's use worldwide, in what ...

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global ...

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, ...

China weighs allowing yuan-backed stablecoins, signaling a policy shift to boost global currency use and counter U.S. dominance.

In a major reversal of its stance towards digital assets, China’s State Council plans to approve new yuan internationalisation plan later this month ...