China is considering the introduction of yuan stablecoins
China is considering allowing the use of stablecoins pegged to the yuan to stimulate the wider adoption of its currency in the world Rumors about this appeared last month. This means a fundamental change in the country’s position on digital assets. It is expected that the Chinese Cabinet of Ministers may approve a roadmap to deepen the use of…
Chinese tech giants are ready to launch yuan stablecoins
Everyone is just talking about stablecoins. This time, this topic was raised by Chinese tech giants. JD.com and Alibaba’s subsidiary Ant Group asked the People’s Bank of China (PBOC) to allow the issuance of stablecoins pegged to the yuan to counter the dominance of US dollar-based assets (estimated at $247 billion).
What's up, USA? China starts promoting its own cryptocurrencies and yuan
The confrontation between China and the United States in the technology sector is gaining momentum. Initially, it was artificial intelligence and now it’s time for cryptocurrencies. The first crypto President of the United States, Donald Trump, promised to make the country a leader in this market. But so far, all he has managed to do is cause…
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