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China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.
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scmp.com
China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.
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Beijing could use Hong Kong to test yuan-linked stablecoins: Morgan Stanley
Beijing’s digital currency ambitions are unlikely to unlock the full potential of the yuan’s internationalisation, analysts say.
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cnbc.com
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.