China Explores Yuan-Pegged Stablecoins in Major Digital Currency Shift
Chinese authorities have directed state-owned digital service providers and financial institutions to explore launching stablecoins backed by the yuan, signalling a potential recalibration of the country’s longstanding hardline approach to cryptocurrencies. According to sources cited by the South China Morning Post, officials are tasking state-owned giants, including Guotai Haitong and ...
