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by: xpoolPosted on: August 21, 2025

China Unveils Yuan-Backed Stablecoin Pilot: Global Finance in Flux

China’s pilot program for a yuan-backed stablecoin is poised to reshape global finance, challenging the U.S. dollar’s dominance in cross-border payments. The People’s Bank of China (PBOC) is leading this initiative in Shanghai and Hong Kong, aiming to increase yuan liquidity in international trade corridors.

Related posts:

  1. Is Stablecoin Competition Threatening Traditional Banking?
  2. China Easing Cryptocurrency Restrictions: Yuan-Backed Stablecoins on the Horizon
  3. China Plots Yuan-Backed Stablecoin to Counter Dollar Dominance
  4. China Pushes Yuan-Backed Stablecoins for Global Currency Expansion
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