Exclusive: China's Yuan-Backed Stablecoin Strategy for Global Currency Expansion - State Council Policy Shift, USD Challenge, and Digital Yuan Integration [2025 Report]
Exclusive: China's Yuan-Backed Stablecoin Strategy for Global Currency Expansion - State Council Policy Shift, USD Challenge, and Digital Yuan Integration [2025 Report]Key Takeaways Key Takeaways China is considering allowing yuan-backed stablecoins for the first time in a major policy reversal Beijing is weighing yuan-backed stablecoins via Hong Kong and Shanghai in a bid to boost the renminbi's role in global finance and challenge dollar dominance Digital yuan transactions have reached RMB 7 trillion (US$988 billion) by June 2025, with 180 million personal wallets State Council meetings indicate strategic shift from crypto prohibition to controlled stablecoin adoption Yuan stablecoins could integrate with existing digital yuan infrastructure Policy targets cross-border trade facilitation and international payment systems Hong Kong positioned as primary testing ground for yuan-backed digital assets Shanghai's state oversight bodies actively exploring regulatory f...