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China Considers First Yuan-Linked Stablecoins, Marking Policy Shift On Digital Assets: Report
(MENAFN- AsiaNet News)
China is reportedly getting closer to deciding whether it will allow the use of yuan-backed stablecoins for the first time.
According to a report by Reuters, China's cabinet is expected to review and potentially approve a roadmap later this month aimed at promoting wider use of the yuan internationally. It said that the plan includes measures to accelerate China's catch-up with U.S. efforts on stablecoins.
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Read also: Bitcoin Selloff Drags Crypto Market Cap Below $4 Trillion – Cardano, XRP Hit Hardest
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