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 ...

The People’s Bank of China (PBOC) has established a new digital yuan operations center in the nation’s financial hub, Shanghai, in a move to foster the internationalisation of the yuan. State-run media Xinhua News Agency said Thursday that the establishment is among the eight new initiatives announced by the PBOC. As reported earlier, the central bank Governor Pan Gongsheng laid out an ambitious plan to create a multi-polar monetary system, where multiple currencies support the global economy. He also st ...

💥BREAKING:🇨🇳 CHINA IS CONSIDERING ALLOWING YUAN-BACKED STABLECOINS TO BOOST YUAN INTERNATIONALIZATION.CHINA IS STARTING TO FOMO! https://t.co/Zou6hi0GRD ...