China May Introduce Yuan-Backed Stablecoin Within 5 Years Amidst Global Currency Competition
According to Circle CEO Jeremy Allaire, China may launch a yuan-backed stablecoin in the next three to five years, as digital currencies play a more significant role in global trade and finance. This prediction, made during an interview with Reuters in Hong Kong, highlights the vast potential for such a stablecoin. Allaire's statement marks a shift from a speculative idea to a more concrete polic…
April 16, 2026, 9:12 a.m.