Bitcoin24h $118,882.33-2.62%

Ethereum24h $4,292.64-0.40%

XRP24h $3.14-4.05%

BNB24h $806.59-1.77%

Solana24h $174.86-5.63%

Dogecoin24h $0.2238-6.21%

TRON24h $0.3469+1.80%

Cardano24h $0.7773-5.56%

Chainlink24h $21.43-3.47%

Hyperliquid24h $43.12-7.26%

China wants a yuan stablecoin, but why?

Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.

No, China didn’t ban crypto again

Wild rumors of a crypto ban in China started on Telegram and reached millions via Elon Musk’s X account. Thing is, it was fake news.

As a way to project confidence into FX markets amid trade wars, China defended its yuan with claims that its CBDC is booming.

Crypto exchanges with Chinese founders and customers were leading venues for attracting TRUMP memecoin purchases.

Bybit’s CEO noted that Chinese users can use a VPN to access the exchange and noted the company hopes to reapply for a Hong Kong license.