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China's aspirations about a yuan-based stable coin: a step towards digital financial reform and internationalization of the currency
China's research by a yuan-supported stable coin: A step towards internationalization China has taken a significant step in the reform of the digital financial system with the development of a yuan-supported stable coin. This advance goes beyond purely national digital financial innovations and aims to promote the international use of Chinese Yuan. Stable coins are digital currencies that are traditional ...
China's aspirations about a yuan-based stable coin: a step towards digital financial reform and internationalization of the currency
China's research by a yuan-supported stable coin: A step towards currency international
With the development of a Yuan-supported stable coin,china has taken a significant step in the reform of the digital financial system. This advance goes beyond purely national digital financial innovations and aims to promote the international use of Chinese Yuan.
stablecoins are digital currencies that are bound to traditional currencies or assets to ensure stability. In this context, a Yuan-supported stable coin could help strengthen the trust in the Yuan and to expand its acceptance in global trade.
The Chinese government is based on this initiative to position its currency in the global economy and to reduce the dependence on international currencies, in particular the US dollar. By introducing a stable coin, China could offer a simpler and safer way to handle cross -border payments and to promote trade with other countries.