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China plans to consider approving yuan-backed stablecoins later this month to increase the yuan’s global use. These stablecoins, digital currencies linked to the yuan, are expected to make international transactions smoother and build confidence in China’s digital currency. This initiative aims to enhance the yuan’s role in the global financial system and support its wider adoption, helping China strengthen its influence in the evolving digital economy
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- Qadir AK
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 20, 2025 12:21 UTC
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China to Approve Yuan-Backed Stablecoins to Expand Global Use
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