🟣 China is preparing a yuan-backed stablecoin — to compete with the dollar
Giants like JD.com and Ant Group are lobbying for the launch of an offshore yuan-based stablecoin.
The goal is to create a digital asset that can be used outside of mainland China — in Hong Kong, Asia, and other markets.
📌 Why this is important:
— Today, almost all stablecoins are in dollars.
— China wants the world to start holding and trading in yuan, not just USD.
— This is not just a project — it's a geopolitical game in the economy.
China is not fighting against crypto. It wants to control its architecture.