China Stablecoin Ban$CITY
China's central bank and regulators issued a joint ban on unapproved yuan-pegged stablecoins and tokenized real-world assets (RWAs) in early February 2026. This pushes activity toward the state-controlled digital yuan (e-CNY) and severs overseas issuance channels linked to China.$ATM
The move adds regulatory pressure on Asian stablecoin markets, potentially capping recoveries for tokens like TRX, amid a broader crypto sell-off.