U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will ...

China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per the latest Reuters report. The step would mark a major reversal in the country's crypto policy, ...

U.S. Treasury Secretary Scott Bessent’s comments on stablecoins suggest a push toward CBDCs tied to U.S. Treasuries.

China has long aspired for the yuan to achieve global currency status, akin to the dollar or euro, reflecting its weight as ...

China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered ...

China is said to be likely to discuss expanding the use of yuan and stablecoins for cross-border trade and payments at the upcoming SCO Summit.