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 ...

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

China is reportedly on the brink of a significant policy shift that may see the introduction of yuan-backed stablecoins, a ...

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

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.

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 ...

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.

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