The Ministry of Finance on Wednesday said that it will issue 12.5 billion yuan (about 1.75 billion U.S. dollars) of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region ...

China is weighing approval of yuan-backed stablecoins to boost global currency use, marking a shift from its 2021 crypto ban.

The sizeable foreign loan is a landmark in Beijing's efforts to internationalise the yuan as an alternative to the US dollar Barely a month after Australia's Labor Prime Minister Anthony Albanese ...

China is mulling the release of yuan-backed stablecoins to boost global use of its currency, according to a report from ...

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency's use worldwide, in what ...

China plans to lift its crypto ban and explore Yuan-backed stablecoins. This move aims to boost the yuan's global use amid US dollar dominance.

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

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

Kenya is in talks with China to convert a dollar-denominated railway loan into Chinese yuan, an aide to the Finance Minister ...

China is considering approving yuan-backed stablecoins for the first time to boost the usage and influence of its currency globally, Reuters reported , citing unnamed people familiar with the matter.

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, according to Swift’s RMB Tracker. As reported, in June, mainland China had been ...

Kenya is negotiating with China to convert part of its dollar-denominated loans into yuan and extend repayment terms. ・Kenya ...