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China may embrace stablecoins in major monetary pivot
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China may embrace stablecoins in major monetary pivot

eriinfo.com1 month ago09 mins

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The state council — China’s cabinet — will review and possibly approve a road map later this month…

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