Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar

04-Jul-2025
Yuan StablecoinChinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter […] Also read: Russian Defense Conglomerate Rostec to Adopt Ruble Stablecoin for Secure Transactions
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