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

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

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources said.

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 ...

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The GENIUS Act became law last July. President Donald Trump signed it. It allows stablecoins to operate under a new framework. Stablecoins are digital tokens.

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China may approve yuan-backed stablecoins to expand global yuan use, marking a major policy shift after banning crypto in 2021.