Wed, August 20, 2025 at 3:31 PM UTC But China is wary of U.S. financial dominance, and is eyeing a yuan-backed stablecoin to challenge this duopoly. With Hong Kong as a potential launchpad and China’s ...
China is exploring a yuan-backed stablecoin to challenge U.S. financial dominance and promote the renminbi globally. Hong Kong’s Web3 ambitions and China’s digital yuan could drive this initiative, ...