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 ...

Treasury Cabinet Secretary (CS) John Mbadi has revealed that Kenya is negotiating with China to extend repayment terms and ...

China is weighing approval of yuan-backed stablecoins to expand global currency influence, aiming to counter the dominance of US dollar tokens.

China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will ...

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.

Kenya is in talks with China to convert a dollar-denominated railway loan into Chinese yuan, an aide to the Finance Minister John ...

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global ...

Kenya’s repayment of the SGR loan is currently in US dollars, meaning the government must constantly buy large amounts of ...

The lion’s share of yuan transactions take place in Hong Kong. The U.S. dollar’s share as a global payment currency was over ...

The soaring popularity of its collectible toys, particularly the Labubu doll, is allowing POP MART to experience unprecedented growth. The company’s latest financial report is a testament to the brand ...

China weighs allowing yuan-backed stablecoins, signaling a policy shift to boost global currency use and counter U.S. dominance.

One interesting snippet for FX markets in those FOMC minutes were remarks that the available data showed 'relative stability' ...