China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world ...

The deputy director of China's National Laboratory of Finance and Development reportedly says that the country should expand ...

Zhang suggests developing central bank digital currencies (CBDC) in China, as the digital yuan is currently limited to use cases. And also to promote the development of Chinese stablecoins: to expand ...

The report showed that in 2024, China's digital industry generated 35 trillion yuan ($4.8 trillion) in business revenue, up 5.5% year on year. Profits rose 3.5% to 2.7 trillion yuan. The sector ...

[Photo/Xinhua] BEIJING - China's digital industry operated steadily in 2024, with increases in both revenue and profits, data ...

China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan. The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC.

ECB officials are pushing for a digital euro to counter US dollar stablecoin dominance and reduce reliance on American ...