Tag: yuan internationalisation
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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.
Employees work at an assembly line producing car smartphone holders at a plastic accessories factory, as rising oil prices drive up production costs for plastic manufacturers, in Dongguan, Guangdong province, China, April 2, 2026. REUTERS/Go Nakamura
By Minwoo Park, Kaori Kaneko and John Geddie An 'eco-friendly' range of paper tubes and pouches touted by Yonwoo, a South Korean maker of packaging for cosmetics, has reaped unexpected benefits from the Iran war, which has disrupted supplies of the plastic needed to turn ...
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.