News

By Mukesh Prajapati July 09, 2025

China’s Yuan Stablecoin Is Coming

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Why Hong Kong First?

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Compete with US Dollar Coins

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Boosting Yuan Global Reach

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Who’s Leading the Push?

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Stablecoin Market Potential

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China’s Domestic Crypto Ban

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What It Means Globally

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Risks and Roadblocks

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News

JD.com & Ant Group push for yuan-pegged stablecoins in Hong Kong

China’s Yuan Stablecoin Is Coming

JD.com and Ant Group are pushing the PBOC to allow yuan-based stablecoins in Hong Kong.

Why Hong Kong First?

Hong Kong’s new legislation (Aug 1) creates a legal path for offshore yuan stablecoins.

Compete with US Dollar Coins

China wants yuan alternatives to USDT and USDC, challenging $247B dollar‑stablecoin dominance.

Boosting Yuan Global Reach

Goal: Expand yuan use in trade & cross-border payments instead of relying on US dollar.

Who’s Leading the Push?

Tech giants JD.com & Ant Group are lobbying regulators to drive the initiative forward.

Stablecoin Market Potential

Stablecoin market is $247B now, with potential to hit $2T by 2028 if yuan coins succeed.

China’s Domestic Crypto Ban

Crypto remains banned in China since 2021, but yuan stablecoins operate under PBOC guidelines.

What It Means Globally

Offshore yuan coins could shift stablecoin dominance and diversify global currency flows.

Risks and Roadblocks

Regulatory hurdles, US-China tensions, and global acceptance remain major challenges ahead.

Next

News

JD.com & Ant Group push for yuan-pegged stablecoins in Hong Kong

China’s Yuan Stablecoin Is Coming

JD.com and Ant Group are pushing the PBOC to allow yuan-based stablecoins in Hong Kong.

Why Hong Kong First?

Hong Kong’s new legislation (Aug 1) creates a legal path for offshore yuan stablecoins.

Compete with US Dollar Coins

China wants yuan alternatives to USDT and USDC, challenging $247B dollar‑stablecoin dominance.

Boosting Yuan Global Reach

Goal: Expand yuan use in trade & cross-border payments instead of relying on US dollar.

Who’s Leading the Push?

Tech giants JD.com & Ant Group are lobbying regulators to drive the initiative forward.

Stablecoin Market Potential

Stablecoin market is $247B now, with potential to hit $2T by 2028 if yuan coins succeed.

China’s Domestic Crypto Ban

Crypto remains banned in China since 2021, but yuan stablecoins operate under PBOC guidelines.

What It Means Globally

Offshore yuan coins could shift stablecoin dominance and diversify global currency flows.

Risks and Roadblocks

Regulatory hurdles, US-China tensions, and global acceptance remain major challenges ahead.

Next

Hong Kong’s new legislation (Aug 1) creates a legal path for offshore yuan stablecoins.