China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars— up from 20% in 2022. Alarmed by the ...

China’s central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments, blockchain technology and digital assets, marking another step in the ...

BANGKOK — 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 ...

China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday. They propose ...

Beijing may now be poised to explore its own version of the stable digital currencies as a strategic counterbalance to Washington’s stablecoin dominance. With its increasing focus on yuan ...

China's State Council to approve new yuan internationalisation plan later this month-sources Yuan-backed stablecoins seen as key amid US dollar dominance-sources Hong Kong and Shanghai to fast-track ...

China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency's use worldwide, in what would represent a significant departure from its previous stance on ...

JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight ...