(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major ...

China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy.

Stablecoins can enhance transaction efficiency and interoperability across blockchains, TradFi-DeFi, and jurisdictions. As these coins transition to a medium of exchange in 2025, there are emerging ...

The State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of ...

China launched its own digital yuan, the e-CNY issued by its central bank, on a trial basis in 2019. View on euronews ...