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Breaking: China Considers Yuan-Backed Stablecoins to Rival Dollar Dominance

China is making a U-turn on its stance on cryptocurrencies as it looks to approve the issuance of Yuan stablecoins. The country considers this initiative as being key to rival the dollar’s dominance as the U.S. continues to warm up to dollar-backed stablecoins. China Eyes Yuan Stablecoins For Global Adoption According to a Reuters report,

The post Breaking: China Considers Yuan-Backed Stablecoins to Rival Dollar Dominance appeared first on CoinGape.

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