JD Group has proposed the development of offshore RMB stablecoins in Hong Kong as a means to bolster the renminbi’s international presence. The initiative, aimed at addressing global […]
Former Bank of China Executive Proposes RMB-Backed Stablecoin to Counter USD Dominance
Wang Yongli, a former Vice President of the Bank of China, has proposed the issuance of an offshore RMB stablecoin as a response to the rapid growth of […]
China’s Digital Currency Strategy: Challenging the Dollar Empire with RMB and HKD Stablecoins
China is wielding its control over rare earths, fueling global technology and trade through incentivized stablecoin adoption. The Belt and Road Initiative creates a $2.5 trillion trade network […]