(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of ...

China is considering a shift in its digital asset policy, potentially allowing yuan-backed stablecoins to promote global ...

China’s top leadership could hold a meeting to discuss stablecoins by the end of this month, according to a report published ...

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

In a major reversal of its stance towards digital assets, China’s State Council plans to approve new yuan internationalisation plan later this month ...

China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, ...

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the overwhelming ...

China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered ...

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

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