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

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy.

The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 ...

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

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

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 preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...

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

China is considering yuan-backed stablecoins to boost global use of its currency, marking a major policy shift from its crypto ban. Hong Kong, Shanghai to lead rollout.

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

The renminbi or RMB is the national currency of China, the arch rival of the U.S. in trade. As the Trump administration ...

China is considering allowing the use of yuan-backed stablecoins for the first time, in what would be a sharp reversal of its ...