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Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say
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 reversal of its stance towards digital assets.
Is A Global Currency Reset Possible? China Moves In To Launch Yuan-Backed Stablecoins
Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global currency reset
China is said to weigh yuan-backed stablecoins to boost global currency usage
China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, in a major reversal of its stance towards digital assets.
China mulls yuan-backed stablecoins in major policy shift: report
China weighs allowing yuan-backed stablecoins, signaling a policy shift to boost global currency use and counter U.S. dominance.
China eyes yuan-backed stablecoins to achieve global currency status, sources say
In a major reversal of its stance towards digital assets, China’s State Council plans to approve new yuan internationalisation plan later this month
Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins
China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency's use worldwide, in what would represent a significant departure from its previous stance on digital assets.
China to reportedly launch stablecoins to challenge dollar dominance
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 writing, and the USD-pegged stablecoins dominate the market.
China's Bold Move: Embracing Stablecoins for Global Currency Ambitions
China is considering a shift in its digital asset policy, potentially allowing yuan-backed stablecoins to promote global adoption. This decision marks a significant change, aiming to counter the dominance of U.
China weighs yuan-backed stablecoins in major policy shift: Reuters
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 exploring new ways for foreign institutions to use the yuan amid the US Dollar Index plummeting 9%.
China weighs yuan-backed stablecoin to speed currency internationalization - report
China's cabinet is weighing approval of a stablecoin backed by the yuan as part of a broader effort to expand the currency's global use and bolster its role in international markets, according to a media report published Wednesday.

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