Are Yuan-based Stablecoins China’s Next Move in Global Digital Finance?

Are Yuan-based Stablecoins China’s Next Move in Global Digital Finance?

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

China Accelerates Digital Yuan and Gold Weaponization Since April 2 to Challenge U.S. Dollar and Develop Stable Digital Currencies

China is intensifying efforts to challenge the dominance of the U.S. dollar by leveraging the digital yuan as a strategic financial tool. Since early April 2025, Beijing has accelerated the development and deployment of the digital yuan with the apparent goal of undermining the U.S. dollar's global influence. This move includes increasingly aggressive measures aimed at reducing reliance on the dollar in international trade and finance. Additiona…