Yuan-Backed Stablecoin May Redefine Cross-Border Payments | Crypto

China‘s Yuan-Backed Stablecoin has been advanced to State Council review, with a roadmap for global use, regulator roles and risk controls. Hong Kong and Shanghai have been set as pilots as officials study yuan internationalization and cross-border trade amid dollar-based market dominance. The post Global Shake-Up Looms – China’s Yuan-Backed Stablecoin May Redefine Cross-Border Payments appeared first on Cryptonews.