9 hours ago · China is reportedly exploring the use of yuan-backed stablecoins for the first time, as the U.S. continues to dominate the growing market.

11 hours ago · 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 ...

10 hours ago · China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese ...

1 day ago · A renminbi-backed stablecoin would likely be fully traceable, linked to China’s digital ID system with real-name verification and facial recognition, enabling authorities to monitor every ...

10 hours ago · China will approve yuan-pegged stablecoins this month, ending a 12-year crypto ban. The State Council will review a roadmap for global yuan adoption and stablecoin regulation.

A stablecoin is a type of cryptocurrency that tries to keep its price stable by being pegged to a fiat currency like the U.S. dollar or a commodity like gold.

Jul 17, 2025 · Zhu proposed three policy directions for China: treat Hong Kong as a regulatory sandbox under the new stablecoin ordinance; develop offshore and domestic CNY stablecoins; and monitor how U.S. regulators enforce fiat-backed stablecoin rules, …

This week: Shanghai eyes stablecoins, China’s economy on track, trade war cools, Nvidia chips return. Next week: Chinese and EU leaders hold summit, US lawmakers probe Chinese scholarships and...

Mar 21, 2025 · Yuan stablecoins are essential for China to promote its digital yuan internationally. China is leveraging its digital currency to challenge the dominance of the U.S. dollar in global finance. Technological advancements in blockchain are crucial for the development and security of yuan stablecoins.

Jul 15, 2025 · The governor of the People’s Bank of China, Pan Gongsheng, broke the official silence on stablecoins at the Lujiazui Forum 2025. For the first time, the Chinese central bank publicly addresses these digital assets.