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A yuan-backed stablecoin would be a digital token tied directly to the value of China’s currency, the renminbi (yuan). It would function like other stablecoins—meant to hold a steady price rather than swing like Bitcoin or Ethereum—but with backing from China’s official currency. If China moves forward, it could serve two purposes: 1. Give businesses and investors a way to use the yuan more easily in digital trade and finance. 2. Extend China’s influence in global payments, especially as countries look for alternatives to dollar-based stablecoins. #Yuan #china #stablecoin #MarketPullback #WalletConnect $USDC $ETH $WCT @Binance MENA @WalletConnect @Ethereum World News @China CNY
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SharpLink Gaming buys 143,593 $ETH worth $667 million. #SharpLink #ETH #ETHInstitutionalFlows #cryptouniverseofficial #WalletConnect $ETH $WCT @WalletConnect @Binance MENA @Binance South Asia @Ethereum World News
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Goldman Sachs Strategist Favors Five-Year U.S. Treasury Amid Expected Fed Rate Cut
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JUST IN: 🇺🇸 Treasury Secretary Bessent says crypto stablecoins will "expand access for billions across the globe." #stablecoin #USDT #crypto #MarketPullback #WalletConnect $USD1 $PLUME $WCT @Binance MENA @WalletConnect @Binance South Asia
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JUST IN: Michael Saylor's 'Strategy' buys 430 Bitcoin worth $49.47 million. #StrategyBTCPurchase #BTC #MarketPullback #BTCdominance #WalletConnect $BTC $WCT $CFX @WalletConnect @Binance South Asia @Binance MENA
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