Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say

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Reuters Staff

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Mentions

People	Huang Yiping
Organizations	State Council, People's Bank of China (PBOC), Bank for International Settlements, Shanghai Cooperation Organisation (SCO)

Code	Name
CN	🇨🇳China
HK	🇭🇰Hong Kong

Target	Sentiment	Comment
🇨🇳 China	Bullish	China's potential approval of yuan-backed stablecoins signals a positive shift towards embracing digital assets for international currency usage.
Stablecoins	Bullish	The article highlights growing global momentum for stablecoins, with China's potential entry into the market seen as a significant development.