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

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

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

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

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 and challenge the overwhelming ...

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

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.

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

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.

Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains in fintech and stablecoin-concept shares after a Reuters report signalled ...

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