Cointime news, according to a report by Reuters, sources say that China is considering allowing the use of yuan-backed stablecoins for the first time to strengthen the internationalization process of the yuan. The State Council of China will review and possibly approve a roadmap later this month to promote the use of the yuan globally, including keeping pace with the U.S. push for stablecoins. They stated that the plan is expected to include usage targets for the yuan in global markets and outline the responsibilities of domestic regulators, adding that the roadmap will also include risk prevention guidelines. Sources say that against the backdrop of the increasing influence of cryptocurrencies pegged to the dollar in global finance, Beijing considers financial innovation, especially stablecoins, to be a promising tool for the internationalization of the yuan.