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by: xpoolPosted on: August 20, 2025

China Considers Yuan-Backed Stablecoins to Boost Currency Internationalization

Amid increasing geopolitical tensions in the digital finance space, China is exploring the use of yuan-backed stablecoins to enhance global currency usage. According to Reuters, this move comes as a response to the US’s rapid development of dollar-pegged stablecoins. Sources indicate that the State Council is expected to finalize a roadmap for increased yuan utilization by late September.

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