China’s State Council is set to review a new plan this month that aims to increase the international use of its yuan through stablecoins. The initiative specifically targets […]
China Pushes Yuan-Backed Stablecoins for Global Currency Expansion
China is preparing to launch yuan-backed stablecoins, marking a significant policy shift that aims to bolster the renminbi’s international prominence and challenge US dominance in digital fiat currencies. […]
China’s Digital Yuan Takes Global Steps: How It’s Challenging SWIFT
China is aggressively pushing its digital yuan (e-CNY) across international borders, leveraging technological advancements and ambitious policy initiatives to challenge traditional financial systems. A recent report highlights the […]
China Embraces Digital Yuan as US Tariffs Impact Economy
The recent imposition of hefty tariffs by the United States on Chinese goods has sparked a significant decline in the yuan’s value. As a result, China is bolstering […]