China is considering allowing the use of yuan stablecoins for the first time

According to Reuters, China is considering allowing the use of yuan stablecoins for the first time. The State Council is expected to review and possibly approve a related roadmap this month, clarifying regulatory responsibilities, setting global usage goals, and advancing local implementation in Hong Kong and Shanghai. Yuan stablecoins will be used for cross-border trade and payments, with related details likely to be further discussed during the Shanghai Cooperation Organization summit held in Tianjin at the end of the month. #杰克逊霍尔会议 $BTC #币安HODLer空投PLUME $ETH