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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 on the brink of a significant policy shift that may see the introduction of yuan-backed stablecoins, a move designed to bolster the international standing of its currency. With ...

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status ...

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

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

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

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 ...

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

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

China is considering allowing the use of yuan-backed stablecoins for the first time, in what would be a sharp reversal of its ...

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