Tag: yuan

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Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows

A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and...

Tether To Terminate Offshore Yuan (CNH₮) Operations – Here’s Why

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Stablecoin operator Tether has announced its decision to discontinue support for its...

China Fixes Strong Yuan, Bets on Continued Weak‑Dollar Policies

China has fixed the yuan at its strongest level since 2023, betting on continued U.S. policy that keeps the dollar weak. According to Xinhua,...

Stablecoin Yield Prohibition Gives Digital Yuan Leg Up Over USD: Scaramucci

The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the digital yuan, Scaramucci said.Cointelegraph is committed...

Ex-digital yuan chief ‘took $8m in crypto bribes while working at Chinese central bank’ – DL News

Yao Qian was removed from the Communist Party in 2024.Investigators say he took bribes in Ethereum.Former subordinate admits setting up a wallet for Yao’s...