China Eyes Yuan-Backed Stablecoins to Challenge Dollar Dominance
China is considering yuan-backed stablecoins as part of a new international strategy, signaling a major policy shift on digital assets.…
Tag: YuanBacked
Exclusive-China considering yuan-backed stablecoins to boost global currency usage, sources say
(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its…
Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network…