The State Council - China's cabinet – will review and possibly approve a roadmap later this month for the greater usage of ...

Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of ...

China is considering a shift in its digital asset policy, potentially allowing yuan-backed stablecoins to promote global ...

While stablecoins may offer new tools for advancing China’s monetary ambitions, their decentralised logic sits uneasily with ...

Like a 21st-century space race, the world's biggest economic powers are staking their claim in a little-known digital ...

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

China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability.

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.

China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of ...

China sees USD stablecoins as a threat to the dollar's control, a US policy group. Beijing to crack down on digital yuan.

China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered ...

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, ...