China stablecoin shift: Beijing mulls yuan-backed tokens to push global adoption; plans major policy reversal – Times of India
China is considering allowing the usage of yuan-backed stablecoins for the first time in a move aimed at boosting the global adoption of its currency, sources familiar with the matter told Reuters. If approved, the plan would mark a significant reversal of China’s earlier hardline stance against digital assets.According to the sources, the State Council…
