China is considering approving yuan-backed stablecoins for the first time to boost the usage and influence of its currency globally, Reuters reported , citing unnamed people familiar with the matter.

The offering, called the Plasma USDT Locked Product, was opened on Wednesday at 12:00 UTC on Binance Earn, allowing users to deposit USDT to get daily USDT rewards. Alongside the yield, participants ...

As of June, China’s yuan was the sixth most active currency for global payments by value, with a share of around 2.9%, according to Swift’s RMB Tracker. As reported, in June, mainland China had been ...

China's cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, ...

Eddy Alexandre, founder of EminiFX, must pay over $228 million to investors after his platform was exposed as a Ponzi scheme.

Two prominent crypto groups are accusing banks of attempting to “relitigate” issues within the stablecoin bill that President Trump signed into law last month. The Crypto Council for ...

The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 ...