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The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 ...
China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status ...
Talk of a State Council plan on yuan internationalisation fuels speculation, as Hong Kong rolls out stablecoin rules and the U.S. pushes ahead with crypto laws.
China is reportedly exploring the introduction of a yuan-backed stablecoin, according to sources cited by Reuters. If ...
The ETFs, launched by MicroBit Capital Management, track the US dollar prices of their underlying cryptocurrencies – bitcoin and ether.
China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will ...
11hon MSN
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 ...
China launched its own digital yuan, the e-CNY issued by its central bank, on a trial basis in 2019.View on euronews ...
23h
Cryptopolitan on MSNChina 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, ...
SHANGHAI (Reuters) -Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains in fintech and stablecoin-concept shares after a ...
There’s a quiet change sweeping China’s economy. The Asian giant is slowly but steadily pushing forward with digital currencies — there are reports that it is even considering a yuan-pegged stablecoin ...
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