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

China is considering yuan-backed stablecoins to boost global use of its currency, marking a major policy shift from its crypto ban. Hong Kong, Shanghai to lead rollout.

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 to reportedly launch stablecoins to challenge dollar dominance originally appeared on TheStreet. China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, ...

The State Council of China is reportedly looking to approve a proposal to allow the use of stablecoins backed by the Chinese Yuan.

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.

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 ...