China is Moving on Chinese Stablecoin: Is Conflux Crypto Pump Evidence of Smart Money Accumulation?

China is moving closer to exploring stablecoins, a change that could reshape global payments and help push the yuan onto the world stage. Reports say the State Council is reviewing a roadmap that would set targets for using a yuan-backed stablecoin, assign roles to domestic regulators, and lay out rules to manage risks. Senior leaders.. The post China is Moving on Chinese Stablecoin: Is Conflux Crypto Pump Evidence of Smart Money Accumulation? appeared first on 99Bitcoins.

crypto

Aug 30, 2025 - 04:00

0 4

China is Moving on Chinese Stablecoin: Is Conflux Crypto Pump Evidence of Smart Money Accumulation?

China is moving closer to exploring stablecoins, a change that could reshape global payments and help push the yuan onto the world stage. Reports say the State Council is reviewing a roadmap that would set targets for using a yuan-backed stablecoin, assign roles to domestic regulators, and lay out rules to manage risks. Senior leaders are expected to meet this month to discuss yuan internationalisation and stablecoin policy — a notable shift from the 2021 ban on crypto trading and mining, and a development closely watched by projects like Conflux crypto, which position themselves as regulatory-compliant blockchains in China.