The ETFs, launched by MicroBit Capital Management, track the US dollar prices of their underlying cryptocurrencies – bitcoin and ether.

Still, Hong Kong already has stablecoin regulations and some Chinese experts are pushing for regulations to prepare for a possible stablecoin pegged to the yuan. Officials at the People's Bank of ...

China might permit yuan-backed stablecoins. This move aims to enhance the yuan's global presence. The State Council will review a plan to compete with ...

China launched its own digital yuan, the e-CNY issued by its central bank, on a trial basis in 2019.View on euronews ...

Talk of a State Council plan on yuan internationalisation fuels speculation, as Hong Kong rolls out stablecoin rules and the U.S. pushes ahead with crypto laws.

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global currency reset ...

Wealth managers said they are receiving more enquiries, cryptocurrency exchanges have seen trading volumes surge and crypto ...

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of ...

China weighs allowing yuan-backed stablecoins, signaling a policy shift to boost global currency use and counter U.S. dominance.

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency ...

Fintech and stablecoin-concept shares were among the biggest winners ... it would seem that A-share offers better upside ...