Hong Kong builds a gold and yuan network that sidesteps dollar stablecoins
Stablecoins won over users by making money easier to move, long before the financial world agreed on what…
Browsing Tag
Yuan
64 posts
Bank of China Survey Reveals 95% of Overseas Businesses Will Sustain or Increase Yuan Use
The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is…
China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate Dollar Exit
Russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as…
Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says
Circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China…
Petroyuan Rising: Deutsche Bank Analysis Flags Iran War as Turning Point for US Dollar Dominance
Deutsche Bank warned this week that Iran’s move to condition oil tanker passage through the Strait of Hormuz…
Digital yuan holdings to earn interest under China’s new framework
The new framework due Jan. 1 will let banks pay interest on clients’ e-CNY holdings. Czytaj więcej We…
How China’s strengthening yuan could support bitcoin prices
The yuan has rise to its highest in over two months against the dollar. Czytaj więcej We współpracy…
China, S.Korea roll out stablecoins; Italy flags issuance risk
AnchorX launched the first yuan-backed stablecoin, AxCNH, to target cross-border payments, tokenization, and to counter dollar-backed stablecoin dominance.…
China eyes stablecoins to boost ‘yuan internationalization’
China explores yuan stablecoins to push its currency globally, while the EU races to launch a digital euro…
EU irked by US dollar stablecoins, China stifles stable talk
Dollar-backed stablecoins are weakening the EU’s control over the euro, while China’s offshore yuan token hopes to grow…