🚨 JUST IN: 🇨🇳🇭🇰
China is considering yuan-backed stablecoins, with potential rollout in Hong Kong & Shanghai for cross-border payments, per Reuters. 💴🌏
🔑 Why it matters:
Boosts digital yuan adoption globally.
Strengthens China’s influence in the growing stablecoin market.
Could challenge USD dominance in cross-border settlements.
If launched, this move could reshape the stablecoin landscape and accelerate mainstream adoption of digital assets. 🚀