China may launch its first RMB stablecoin, increasing security concerns in the cryptocurrency sphere.

China is reportedly brewing the launch of its first Renminbi stablecoin, sparking widespread attention in the financial sector. According to sources cited by Reuters, the State Council is expected to review a roadmap for the internationalization of the Renminbi later this month, with the stablecoin

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Ant Group and JD.com Pressure the People's Bank of China: Advocating for a Stable Yuan Coin, Targeting the Dominance of the US Dollar

Ant Group and JD.com are jointly pushing for the People's Bank of China's approval to launch a yuan-pegged stablecoin in Hong Kong, aiming to break the current dominance of dollar-backed stablecoins in the international market.According to a Reuters report on July 3, sources revealed that these two

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