Search results for Digital yuan
Crypto
Stablecoins gain momentum as battle for digital payments ecosystem intensifies
A global contest over digital currencies is gathering pace as stablecoins expand beyond crypto markets into payments and remittances. The United States is moving to fold stablecoins into federal regulation, while the European Union and Japan are taking more restrictive approaches aimed at financial stability. South Korea has begun debating rules for won-linked stablecoins, while the Bank of Korea is pushing ahead with its CBDC and deposit-token pilot, Project Hangang, amid concerns over monetary policy and user protection.
Crypto
Bitcoin and dollar in symbiosis; GENIUS Act framework should not be undermined
A claim has emerged that demand for the U.S. dollar rises as bitcoin and dollar-pegged stablecoins spread, forming a symbiotic relationship. Sam Lyman of the Bitcoin Policy Institute cited the dominance of the BTC/USD pair and the central role of Tether\'s USDT, backed by cash-like assets and short-term U.S. Treasuries. He compared the dynamic to the petrodollar era and urged U.S. lawmakers to keep developing the GENIUS regulatory framework without straying from core principles.
Crypto
China bans stablecoin and RWA issuance by foreign and domestic firms
China has imposed a blanket ban on issuing yuan-based stablecoins and real-world asset (RWA) tokens, Cointelegraph reported on Thursday. The report said the People’s Bank of China and seven regulators issued a joint statement prohibiting unapproved issuance of stablecoins and RWAs. The measure applies equally to foreign and domestic firms. The move comes as China promotes the digital yuan and follows a pause in related private-sector experiments in 2025.
