News
China eyes Yuan-backed stablecoin to rival U.S dominance in crypto
China is considering launching a yuan-backed stablecoin to strengthen the currency’s global influence. The timing aligns with U.S. progress on regulated stablecoins, intensifying competition for leadership in global digital payments. China may be on the verge of a major shift in its digital asset policy.
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.
While stablecoins may offer new tools for advancing China’s monetary ambitions, their decentralised logic sits uneasily with ...
China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will ...
China is reportedly exploring the introduction of a yuan-backed stablecoin, according to sources cited by Reuters. If ...
The special administrative region has become a pioneer in institutional and technological innovation. Its recent initiative represents a significant opportunity for the region and a crucial step in ...
India imposes one of the world’s harshest crypto tax regimes: a flat 30% levy on capital gains and a 1% tax deducted at ...
Cryptopolitan on MSN1d
China to legalize yuan-pegged stablecoins this month after 12-year crypto ban
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...
The renminbi or RMB is the national currency of China, the arch rival of the U.S. in trade. As the Trump administration ...
Hong Kong dollar stablecoins can help mainland China’s only legal digital currency better position itself globally.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback