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Chinese fintech giant Ant Group is reportedly partnering with Circle Internet Group to integrate its USDC stablecoin into Ant’s blockchain platform. A Strategic Move Amid China’s Stablecoin Push Chinese fintech firm Ant Group is reportedly collaborating with global digital asset platform Circle Internet Group to incorporate its USDC stablecoin onto the Jack Ma–backed company’s blockchain … Read more
A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects preying on the public’s limited understanding of stablecoins. In an alert issued July 7, … Read more
Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter … Read more
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline Aids Yuan China is intensifying efforts to elevate the yuan’s international standing and challenge the U.S. dollar’s global dominance, seizing an opportune moment as international … Read more
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push for … Read more
China reduced its position on U.S. debt in April, reaching a 16-year record low in its holdings. The reduction is related to the ongoing tariff war scenario, where tensions between the two countries have escalated due to the enactment of sky-high fees. China Reduced U.S. Debt Exposure in April, Reached 16-Year Record Low Numbers emanating … Read more
Vladimir Putin and Xi Jinping are discussing launching a platform that will offer investment initiatives under a BRICS-Global South inclusive banner, which will be detailed next month. Putin and Xi: BRICS to Unveil Global South Inclusive Investment Platform Vladimir Putin and Xi Jinping, leaders of two of the world’s largest countries, are developing a platform … Read more
China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking at a financial forum in Shanghai, Pan emphasized the need for a “multi-polar international monetary system” where multiple sovereign currencies coexist and compete. He highlighted the renminbi’s growing role, noting … Read more
China is turbocharging its de-dollarization push, leveraging its SCO presidency to expand national currency use, supercharge financial cooperation, and champion a bold Eurasian economic realignment. China to Use SCO Presidency to Expand National Currencies and Reduce Dollar Use China is escalating efforts to diminish reliance on the U.S. dollar by prioritizing the use of national … Read more
A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive action on May 29 by sanctioning Funnull Technology Inc., a … Read more
