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by: xpoolPosted on: August 21, 2025

China Eyes Yuan-Based Stablecoin to Challenge US Dollar Dominance

The People’s Republic of China is exploring the launch of a yuan-based stablecoin as part of a strategy to expand its currency’s global presence. The State Council, China’s cabinet, is expected to review this proposal and approve a roadmap for implementation in late August, aiming to compete with the current dominance of the US dollar. 🇨🇳

Related posts:

  1. China Easing Cryptocurrency Restrictions: Yuan-Backed Stablecoins on the Horizon
  2. China Plots Yuan-Backed Stablecoin to Counter Dollar Dominance
  3. China Unveils Yuan-Backed Stablecoin Pilot: Global Finance in Flux
  4. China Exploring Yuan-Backed Stablecoins: Major Shift in Crypto Policy
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