Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, ...

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

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

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.

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

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.

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

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

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

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

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

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