China’s Stablecoin: What Chinese People Think

After Reuters’ exclusive report of China considering yuan-backed stablecoins, Chinese social media reactions reveal deep divisions over the potential policy shift. The Chinese government has not admitted or denied the report, and Beijing is unlikely to confirm such sensitive financial policy discussions publicly. Chinese public discussion remains limited, with observable comments mainly appearing on X(former Twitter), which is blocked on the mainland but accessed through VPNs to bypass the Great Firewall. These social media reactions written in Chinese may represent only a small portion of the country’s public opinion source: https://beincrypto.com/chinas-stablecoin-what-chinese-people-think/