Reuters Exclusive News: It is reported that China is preparing to launch a stablecoin supported by the Renminbi (e-CNY stable), aimed at expanding the global use of its currency. 🔹 Pilot areas: Hong Kong (and possibly Shanghai) are being considered as the first pilot locations. 🔹 Timeline: Key details may be officially announced in a few weeks. 🔹 Global context: The United States is leading in the stablecoin race. Japan and South Korea are rapidly accelerating their framework development. Beijing's goal is to ensure that the Renminbi does not lag behind in the new digital financial era. 💡 Importance: This will mark China's most proactive effort in the internationalization of the Renminbi to date and will directly compete with dollar-backed stablecoins. If widely deployed, it could reshape trade settlement, cross-border payments, and the liquidity of the cryptocurrency market. 🌍 The currency cold war may be heating up—now manifesting in the form of stablecoins.