Yuan Stablecoin

Highlights: Jeremy Allaire said a yuan-backed stablecoin could support China’s future role in global payments. He said digital stablecoins may help currencies compete better in global trade and cross-border payments. Allaire also noted rising demand for USDC as global tensions […]

Highlights: Conflux is set to launch an offshore yuan stablecoin for BRI payment systems. China backs yuan stablecoin development as officials push for alternatives to dollar-dominated digital payments. Conflux will launch an upgrade that aims to support faster transactions. Conflux […]

Highlights: Two firms want to launch a stablecoin in Hong Kong based on the local currency. Most of the stablecoins are backed by the dollar and occupy the largest share of the market. China may allow offshore yuan stablecoins as […]