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

China may approve yuan-backed stablecoins, signaling a major policy shift that could challenge dollar dominance and reshape ...

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 ...

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

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 ...

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.

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 reversal of ...

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

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

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