China urges expansion of digital yuan usage beyond retail to challenge U.S. dollar stablecoins

China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world trade. According to a recent report by a Chinese media outlet, the Chinese Communist Party is concerned about the US’s growing interest in stablecoin development. The report by the deputy director of the National Finance and […] source: https://www.cryptopolitan.com/china-urges-expansion-of-digital-yuan-usage-beyond-retail-to-challenge-u-s-dollar-stablecoins/