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

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

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.

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.

China's cabinet is weighing approval of a stablecoin backed by the yuan as part of a broader effort to expand the currency's ...

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

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 ...

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