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.
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South China Morning Post

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