🇨🇳 China Softens Stance: Shanghai Eyes Yuan‑Backed Stablecoin!
In a major shift, Shanghai’s regulator is discussing a yuan‑pegged stablecoin with input from JD.com and Ant Group, even planning licenses in Hong Kong. As Bitcoin $BTC surges (~$112K+), this marks a rare sign of crypto openness in China ().
💬 Would you consider yuan-based stablecoins as China reopens? Or is this just regulatory signal noise?