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Traders are betting that the yuan, the Australian dollar and the South Korean won will strengthen versus the US dollar.
Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade ...
China's tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins to ...
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Cryptopolitan on MSNChina’s PBOC reportedly poking around about dollar weaknessThe People’s Bank of China (PBOC) has reportedly reached out to financial institutions in recent days to assess market ...
JD.com y Ant Group quieren que el banco central de China apruebe las stablecoins en yuanes offshore en Hong Kong.
Despite China’s ambition to challenge the dominance of U.S.-backed stablecoins, catching up will be no easy feat though.
China Development Bank (CDB) and the Development Bank of Southern Africa (DBSA) signed a loan agreement worth 2.1 billion ...
CNY is a way to evade US sanctions and dollar volatility but also carries risks As China moves to accelerate global use of the digital yuan, particularly in cross-border trade along Belt and Road ...
They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global ...
Traders are seeking alternatives to the euro when shorting the dollar as they look to capitalise on expectations for further ...
Alibaba and JD.com urge central bank approval for yuan-based stablecoins to counter US dollar dominance in $247B global ...
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