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China Considers Launching Its First Yuan-Pegged Stablecoin | #china #stablecoin #yuan #digitalcurrency #cbdc #cryptonews #blockchain #defi #web3 #globalfinance

China Considers Launching Its First Yuan-Pegged Stablecoin

China Considers Launching Its First Yuan-Pegged Stablecoin

China is reportedly weighing the possibility of issuing a stablecoin backed by the yuan for the first time, a move that could accelerate the adoption of digital currency and strengthen its influence in the global financial system.