China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar&backed tokens cement USD's global dominance (Financial Times)

Financial Times: China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar-backed tokens cement USD's global dominance  —  Policymakers say dollar-backed tokens cement US dominance but regulator has warned of money laundering risk

Aug 6, 2025 - 15:01
China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar&backed tokens cement USD's global dominance (Financial Times)
Financial Times: China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar-backed tokens cement USD's global dominance  —  Policymakers say dollar-backed tokens cement US dominance but regulator has warned of money laundering risk