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

China is reportedly exploring the introduction of a yuan-backed stablecoin, according to sources cited by Reuters. If ...

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.

Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains ...

Talk of a State Council plan on yuan internationalisation fuels speculation, as Hong Kong rolls out stablecoin rules and the U.S. pushes ahead with crypto laws.

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

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 is weighing approval of yuan-backed stablecoins to expand global currency influence, aiming to counter the dominance of US dollar tokens.

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

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

Still, Hong Kong already has stablecoin regulations and some Chinese experts are pushing for regulations to prepare for a ...