Will China allow the Yuan stablecoins to face the dollar stablecoins?

Plan change! More and more countries as well as recently South Korea, realize that stablecoins are growingwhile Mnbc (digital currencies of central banks) are, so to put it since the population has already rejected before they are launched. Today is China (Yet well advanced on its MNBC, which is the digital Juan) who plans to authorize Stablecoins supported by Yuan strengthen the global acceptance of your currency. This project, which could approve the Chinese Council, indicates a The main point of turnover in the country’s digital strategy.

Strategic turning point on stablecoins for Yuan?

According to Reuters published on August 20, 2025, State Affairs Councilcould approve this month and ” Plan for increased use of yuan around the world ». The aim of this initiative is to replace the United States in the Stablecoins plant, these stable cryptocurrencies generally supported by the trust.

According to “known sources with a set” (and therefore anonymous), China would even considerEnable the use of stablecoins based on yuan To achieve this objective expanding the use of their currency at international level.

This decision comes as part yuan in Global payments fell on 2.88 % In June, “his lowest level in two years”, according to Swift Network, commented Reuters. Meantime US dollar represent 47.19% Payments via swift.

Attempt to respond to China to dollar domination

China has long tried to make yuan and World reference currencyas a dollar or euro. However, his strict controls of capital and massive commercial surpluses slowed this ambition. Launch Stablecoins of Yuan can be there Solution to overcome these obstacles.

Especially Geopolitical tension With the United States remain alive and that the US President Strongly supports the dollar stablecoinsespecially after Donald Trump with his strength pushed to accept a brilliant act (which was finally verified last month).

“The basic blockchain technology (Stablecoins) Blockchain allows you to transfers of immediate funds, without borders and 24 hours a day, at low cost. This gives Stablecoins the potential to distribute traditional daily currency movements and cross payment systems.
Financial innovation, especially Stablecoins, is considered a promising tool for Yuan’s internationalization in the context of the growing influence of cryptocurrencies associated with the US dollar in global financing. »»

“Known resources with a set” quoted by Reuters

Still according to these anonymous sources Hong Kong AND Shanghai They will be the main places of experimenting with this change of stable -oriented plan. It should be said that the Chinese special administrative area (races) Hong Kong is already a test laboratory about cryptocurrencies country, with the main progress in terms of token and stableexactly. SO, Goodbye mnbc ? It is not so certain, especially in China, where hypercentry and supervision are very appreciated.