China Reviews Stablecoin Plan That Could Put Yuan on Global Crypto Stage

TLDR: China may allow stablecoins backed by the yuan for the first time, with Hong Kong and Shanghai preparing pilot rollouts. The State Council will review a roadmap this month that sets adoption targets and regulatory duties for stablecoins. Reuters reported leaders will hold a study session on yuan internationalisation and digital assets later this [...]

The post China Reviews Stablecoin Plan That Could Put Yuan on Global Crypto Stage appeared first on Blockonomi.