China Prepares Yuan Stablecoin — A Global Power Play?
🌍 China is exploring a national yuan stablecoin.
Shanghai regulators and firms like JD.com are moving toward:
1. Stablecoin issuance
2. Hong Kong crypto licenses
3. Integration with digital yuan trials
💡 Why it matters: After years of banning crypto, China is signaling a return—this time with government control.
📊 If successful, this could challenge USDC/USDT and give China leverage in global settlements.
👉 Would you use a China-backed stablecoin for international transfers?
Drop your opinion!