Beijing Officials Warm to the Idea of a Yuan Stablecoin, Driven by the 'Fear of Missing Out'

Beijing officials warm to the idea of a yuan stablecoin, driven by the 'fear of missing out'

Financial innovation has come full circle. The blockchain is bringing the U.S. back to the era of private money, when banks and companies could issue their own currencies. This time, instead of gold and silver coins, corporate America is eager to issue their own stablecoins.  The U.S.’s decision to embrace cryptocurrency through legislation like the GENIUS Act doesn’t just matter domestically. Washington’s move is placing pressure on countries a…

Beijing officials warm to the idea of a yuan stablecoin, driven by the ‘fear of missing out’

Financial innovation has come full circle. The blockchain is bringing the U.S. back to the era of private money, when banks and companies could issue …