🇨🇳💴 Is China preparing for a revolution in digital finance?

Reuters reports that authorities may allow yuan-backed stablecoins for the first time. The plan is already under consideration, with Hong Kong and Shanghai leading the way.

🔹 Use cases — cross-border trade and payments, posing a direct challenge to dollar hegemony.

If confirmed, the yuan will gain digital mass influence in the global economy.

❓What do you think, can the yuan stablecoin overshadow USDT on the international stage?

#China #Stablecoin #Crypto #CBDC