China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
- Posted on June 23, 2025
- By South China Morning Post
- 3 Views
China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.
