Tag: US dollar dominance
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China Eyes Yuan Stablecoins to Expand Global Currency Role
China is considering allowing the launch of yuan-backed stablecoins for the first time, in what would mark a significant shift in its approach to digital assets and a new step in efforts to expand the currency’s global reach.
An electric bus donated by the Taiwanese government drives through a neighbourhood in Asuncion, Paraguay, March 3, 2026. REUTERS/Cesar Olmedo
By Daniela Desantis and Lucinda Elliott When Paraguayan opposition lawmaker Leidy Galeano returned from an all-expenses-paid tour of six Chinese cities late last year, she was convinced Paraguay risked missing out on major economic gains by sticking with longtime ally Taiwan over Beijing - a message participants on ...
China Eyes Yuan Stablecoins to Expand Global Currency Role
China is considering allowing the launch of yuan-backed stablecoins for the first time, in what would mark a significant shift in its approach to digital assets and a new step in efforts to expand the currency’s global reach.