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Exclusive-China considering yuan-backed stablecoins to boost global currency usage, sources say
(Reuters) -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 ...
Stablecoins can enhance transaction efficiency and interoperability across blockchains, TradFi-DeFi, and jurisdictions. As these coins transition to a medium of exchange in 2025, there are emerging ...
Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), predicted Wednesday that Bitcoin (CRYPTO: BTC) could hit $1 ...
Critics of stablecoins say that since they are essentially a proxy for ordinary currencies that can bypass banking systems ...
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Is This the End of US Dollar Dominance? China, India Take Steps to Trade in Their Own Currencies
Most recently, China stepped up its efforts to make the Chinese yuan ... and the Council is also looking at allowing the ...
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