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

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

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial ...

As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.

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 ...

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

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

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 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, ...