🇨🇳💴 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 review, and the leaders in its implementation will be Hong Kong and Shanghai.
🔹 Use cases: trade and cross-border payments, that is, a direct challenge to the hegemony of the dollar.
If confirmed, the yuan will gain a digital weapon of massive influence in the global economy.
