Yuan

In this article:

🔹 JD.com and Ant Group seek approval to issue stablecoins backed by offshore yuan in Hong Kong

🔹 New regulatory framework for stablecoins comes into effect on August 1

🔹 Chinese firms aim to challenge the dominance of USD-pegged stablecoins

While the stablecoin market is largely dominated by the U.S. dollar, Chinese tech giants JD.com and Ant Group are looking to change the game. Both companies have submitted proposals to the People's Bank of China to launch stablecoins backed by offshore yuan in Hong Kong. Their goal? To increase the yuan’s global adoption and challenge the U.S. dollar’s supremacy in the digital asset space.
According to the Bank for International Settlements, over 99% of stablecoins are currently denominated in USD. The global stablecoin market is worth about $247 billion and could grow to $2 trillion by 2028, according to Standard Chartered.

🏦 A Stable Yuan on the Global Stage?
Even though China officially banned crypto in 2021, JD.com and Ant Group’s initiative reveals that the country still harbors ambitions in the digital asset sphere. A new Hong Kong law, effective August 1, will allow companies to legally issue stablecoins, opening the door for Chinese firms to enter the international playing field.
Shen Jianguang, JD.com’s chief economist, said:
“If China doesn't develop its own stablecoin, it’s effectively withdrawing from the race for global currency dominance.”
JD.com’s founder Richard Liu reportedly told employees that the company aims to apply for stablecoin licenses in all major markets, cutting cross-border transaction costs by 90% and reducing settlement time to under 10 seconds.

🧭 Hong Kong as a Testing Ground
Ant Group is reportedly in talks not only with the PBoC but also planning to seek stablecoin licenses in Luxembourg and Singapore. The goal is to build a network of offshore yuan-pegged stablecoins that could bypass China's strict capital controls.
Robin Xing of Morgan Stanley believes Hong Kong is the ideal testing ground for China’s ambitions. He added that China must embrace the tokenization of currencies to stay competitive in the race for digital finance infrastructure.

🤝 Partnerships Powering the Digital Yuan
North King Information Technology, a Shenzhen-listed firm, announced a strategic partnership with Hong Kong-based GoFintech Quantum Innovation. The goal is to build the technological infrastructure for stablecoins, tokenized real-world assets (RWA), and other digital innovations.
The companies plan to develop secure hardware and software wallets for stablecoins. GoFintech is already producing hardware wallets, while North King is working on quantum-resistant wallets through a collaboration with Quakey Tech.

🌐 USD vs. Yuan: The Digital Currency Battle Begins
While the U.S. dollar maintains a 48.46% share of global payments, the yuan trails far behind at just 2.89%, according to SWIFT data. Many Chinese exporters have already turned to USD stablecoins like USDT for efficiency and accessibility.
Xiao Feng from HashKey Exchange argues that China can no longer delay its entry into the stablecoin race. With Hong Kong’s new regulations and advanced tech infrastructure, the yuan may soon re-enter the global stage as a serious digital competitor.

#china , #stablecoin , #Yuan , #CryptoAdoption , #Regulation

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On April 9th, 2025, the United States officially enforced new tariffs against China, triggering a noticeable reaction in the foreign exchange markets. This chart of the Chinese Yuan (CNY) vs. US Dollar (USD) on the daily timeframe captures the immediate and significant market impact that followed the announcement.
Chart Analysis Overview
The chart marks the date "9th April"—the point at which US tariffs officially went into effect—as a key inflection point. The price action that follows showcases a sharp and steep decline in the value of the Chinese Yuan, suggesting that the market quickly priced in the economic implications of the tariffs.
Price Movement Post-Tariffs
Opening Price Reaction: The candle right after the 9th April marks a decisive bearish engulfing candle. This alone indicates strong selling pressure immediately after the announcement.Steep Decline: In just a few trading sessions, the pair fell from approximately 0.1376 to 0.1361, representing a drop of 0.0015 points or approximately -1.12%.Candle Structure: The bearish candles are strong-bodied with relatively small wicks, implying consistent selling with little buying interest or pullback, further reinforcing a bearish sentiment.
Market Sentiment & Economic Interpretation
This price action reflects the market's expectation of economic strain on China due to increased US tariffs. Tariffs often imply:
A potential decrease in Chinese exports.Higher costs for Chinese manufacturers.A likely slowing of economic growth in China.
All these factors can reduce investor confidence in the Yuan, prompting traders and institutions to shift away from CNY to safer or more stable currencies like the USD.
Technical Implications
Breakdown Confirmation: The drop through a prior support zone near 0.1375 confirms a bearish breakdown, likely triggering stop-losses and short entries.Momentum Shift: The steep angle of descent and multiple consecutive red candles post-tariff signal a potential strong downtrend continuation.No Immediate Reversal Signals: As of the chart’s current date, no bullish reversal patterns have formed, indicating bears remain in control.
What to Watch Next
Support Levels: Next significant support lies near 0.1355, and failure to hold could open further downside.Retest of Breakdown Zone: A potential retest of the 0.1375 breakdown level could provide shorting opportunities if rejected.Policy Responses: Market participants will be watching for any Chinese government intervention or monetary policy easing aimed at stabilizing the Yuan.
Conclusion
The enforcement of US tariffs on April 9th clearly served as a bearish catalyst for the Yuan. This chart visually reinforces the broader economic narrative, where geopolitics directly influence currency movements. Traders and investors should stay alert to further developments, as escalations in trade tension could continue to put downward pressure on the Chinese Yuan.

#Yuan #TrumpTariffs #CryptoTariffDrop #BinanceAlphaAlert #STAYSAFU

Nos últimos anos, a China tem liderado a inovação financeira global com a criação do Yuan Digital (e-CNY), a moeda digital oficial do governo chinês. Diferente das criptomoedas tradicionais, como Bitcoin e Ethereum, o e-CNY é uma CBDC (Central Bank Digital Currency), ou seja, uma moeda digital regulamentada e garantida pelo Banco Popular da China.
Com a crescente digitalização da economia e o avanço da China no cenário financeiro global, investir no Yuan Digital pode ser uma excelente estratégia para quem busca segurança e valorização a longo prazo.
Por que o Yuan Digital é um Bom Investimento?
1. Estabilidade e Segurança
Diferente das criptomoedas descentralizadas, o e-CNY é regulado pelo governo chinês, o que reduz a volatilidade e o torna um ativo confiável para investidores que buscam menos riscos.
2. Crescimento da China como Potência Financeira
A China é uma das maiores economias do mundo e tem ampliado sua influência no comércio global. Com o aumento da adoção do Yuan Digital em transações internacionais, sua valorização pode ser significativa no longo prazo.
3. Expansão da Adoção Global
Muitos países e empresas já estão aceitando o Yuan Digital para transações internacionais, reduzindo a dependência do dólar americano. Essa expansão pode impulsionar a demanda e fortalecer seu valor.
4. Redução de Custos e Eficiência
Como moeda digital oficial, o e-CNY permite transações instantâneas, sem necessidade de intermediários, reduzindo taxas bancárias e custos operacionais.
5. Alternativa Sólida para Diversificação
Para quem deseja diversificar os investimentos e reduzir a exposição ao dólar ou euro, o Yuan Digital surge como uma alternativa interessante, especialmente com o crescimento do comércio asiático.
Como Investir no Yuan Digital?
Atualmente, o Yuan Digital pode ser adquirido por meio de plataformas autorizadas pelo governo chinês e bancos parceiros. Além disso, investidores podem buscar fundos internacionais e ETFs que acompanham o desempenho do e-CNY.
Conclusão
O Yuan Digital não é apenas uma inovação tecnológica, mas uma ferramenta poderosa para consolidar a posição da China no cenário econômico global. Com segurança, adoção crescente e estabilidade, ele se torna uma opção promissora para quem busca investimentos sólidos a longo prazo.
Com o avanço das moedas digitais estatais, o futuro do dinheiro está mudando – e estar preparado pode ser a chave para aproveitar as melhores oportunidades.

#ChinaCrypto
#Yuan
#ChinaEconomy