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Cryptocurrency
fromFast Company
3 weeks ago

China weighs expanding digital currencies globally with a yuan stablecoin

China is advancing digital currency use and considering a yuan-pegged stablecoin to internationalize the yuan despite convertibility and market access constraints.
fromFortune
3 weeks ago

China's secret weapon against the dollar is a yuan stablecoin

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 and challenge the overwhelming sway of the U.S. dollar in international trade and finance. However, restrictions on access to Chinese financial markets and limits on convertibility of the yuan, or "people's money," are big obstacles blocking its global use.
Cryptocurrency
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