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China eyes yuan-backed stablecoins in bid to challenge US dollar dominance

China is taking its first concrete steps toward developing stablecoins linked to the yuan, aiming to counter the rising global dominance of US dollar-backed tokens like USDT and USDC. While the country maintains its blanket ban on crypto trading and mining, officials are now eyeing stablecoins as a strategic tool to promote the international use […] дальше »

2025-8-6 11:47