Stablecoins could transform how we exchange money. The U.S. and China want to take charge

In Depth: Trump’s Stablecoin Embrace Ups Pressure on China to Join Race - Caixin Global

In Depth: Trump’s Stablecoin Embrace Ups Pressure on China to Join Race - Stablecoins’ potential to transform the global payments system and maintain the dollar’s dominance could threaten China’s strategy to internationalize the e-CNY

China stablecoin push is better late than never

Beijing may be mulling plans to boost internationalisation of the country’s currency via yuan-backed tokens in Hong Kong. Use cases will probably be scant at first, and the roll-out tightly managed. But it's a positive step forward after a decade of stalled progress.

Stablecoins could transform how we exchange money. The U.S. and China want to take charge

Like a 21st-century space race, the world's biggest economic powers are staking their claim in a little-known digital currency that could revolutionize — or severely disrupt — the way people, companies and countries exchange money.

China Explores Yuan-Backed Stablecoins: Report

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.

Why China Is Spooked by Dollar Stablecoins and How It Will Respond

As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.

China Is Worried About Dollar-Backed Stablecoins

Beijing is speeding up plans to create systems it can monitor.