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China's Yuan Stablecoin Play in Kazakhstan Signals a Bold Blockchain Bet Against the Dollar
Yahoo Finance·2025-10-08 12:30

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world’s first regulated offshore yuan-linked stablecoin launched in Kazakhstan and it’s not merely a fintech experiment. It’s Beijing deploying blockchain technology as a strategic weapon in its decades-long campaign to chip away at dollar dominance in global payments. Conflux, a Chinese state-backed blockchain, launched AxCNH on Sept. 17 with Hong Kong fintech AnchorX after obtaining a license in Kazak ...