The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 ...

China is reportedly exploring the introduction of a yuan-backed stablecoin, according to sources cited by Reuters. If ...

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

China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, ...

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status ...

The renminbi or RMB is the national currency of China, the arch rival of the U.S. in trade. As the Trump administration ...

As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.

Hong Kong dollar stablecoins can help mainland China’s only legal digital currency better position itself globally.